Kuraray has announced its decision to revise prices across the board for its elastomer-related products for shipments commencing February 14, 2011. Details of the revisions are given below.
Crude oil and naphtha prices, which have continued to increase since last year, are expected to climb even higher. The accompanying rapid rises in costs for both raw materials and utilities are far exceeding the Company's own cost reduction endeavors. Under these circumstances, to maintain a steady supply and to improve profitability, Kuraray has decided to implement the price revisions set out below.
|1. Scope of revision||All elastomer-related products|
|2. Effective date||Shipments from February 14, 2011|
|3. Products affected and |