Kraton Polymers LLC (Kraton), a leading global producer of engineered
polymers, announces a general price increase in Asia Pacific of US
Dollars 330 /MT, across all markets and end uses, for Kraton SBS, SEBS,
OE SBS, and OE SEBS polymers and compounds. Subject to the terms of any
applicable contracts, the price increase will take effect no later than
August 1, 2009, and may occur earlier as business conditions dictate.
“Raw material and energy costs are rapidly increasing, and as a result,
we are implementing responsible price increases to help us manage these
difficult, volatile and global economic challenges,” commented David
Bradley, Chief Operations Officer. “As a leading producer of SBC’s, we
must maintain a profitability level that will enable us to continue
serving our customers and reinvesting in the SBC industry. We remain
committed to providing innovative solutions and value-added services to
help our customers differentiate and succeed in their respective
markets.”
For more information on Kraton Polymers, visit our website at www.kraton.com.
In addition, customer questions and other direct inquiries may be
addressed to info@kraton.com or the
applicable Kraton representative.
About Kraton
Kraton is a leading global producer of engineered polymers and, we
believe, the world’s largest producer of styrenic block copolymers
(SBC’s), a family of products whose chemistry was pioneered by us over
forty years ago. SBC’s are highly-engineered thermoplastic elastomers,
which enhance the performance of numerous products by delivering a
variety of attributes, including greater flexibility, resilience,
strength, durability and processability. Kraton polymers are used in a
wide range of applications, including adhesives, coatings, consumer and
personal care products, sealants and lubricants, and medical, packaging,
automotive, paving, roofing and footwear products. Kraton has the
leading position in nearly all of its core markets and is the only
producer of SBC’s with global manufacturing capability. Its production
facilities are located in the United States, Germany, France, The
Netherlands, Brazil and Japan.
Kraton, the Kraton logo and design, and the “Giving Innovators their
Edge” tagline are trademarks of Kraton Polymers LLC.
Forward-Looking Statements
This press release includes “forward-looking statements,” which are
statements other than statements of historical fact and are often
characterized by the use of words such as “believes,” “expects,”
“estimates,” “projects,” “may,” “will,” “intends,” “plans” or
“anticipates,” or by discussions of strategy, plans or intentions.
All
forward-looking statements in this press release are made based on
management’s current expectations and estimates, which involve risks,
uncertainties and other factors that could cause results to differ
materially from those expressed in forward-looking statements.
Readers
are cautioned not to place undue reliance on forward-looking statements.
We assume no obligation to update such information.