Kuraray Trading Co., Ltd. (hereinafter "Kuraray Trading" or "the Company") announces its decision to increase the price of polyester filament yarn ¥20 per kilogram, for Japan and export shipments commencing September 1, 2009.
The steep rise in crude oil and naphtha prices has resulted in increases in raw material and fuel costs that have nullified the Company's cost reduction efforts. Consequently, operating revenue remains in decline.
To maintain operability and a steady supply, and given the urgency to improve profitability, Kuraray Trading has decided to once again implement price revisions, as detailed below.
|1. Scope of revision||Polyester filament, Japan and export shipments|
|2. Price increase||All brands to increase by ¥20/kg|
|3. Effective date||Shipments from September 1, 2009|