Kuraray has announced its decision to increase the prices of hydrogenated styrenic thermoplastic elastomers SEPTON, HYBRAR and "TU polymer". in Amaricas, Europe and Asia for shipments commencing March 1, 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||Hydrogenated styrenic thermoplastic elastomers SEPTON, HYBRAR, "TU polymer"|
|2. Effective date||Shipments on or after March 1, 2011|
|3. Price increases|| |