Kuraray Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; hereinafter “Kuraray”) announces its decision to revise the prices of two of its products: the polyvinyl alcohol (PVA) resin, KURARAY POVAL, and the vinyl acetate-based, water-soluble synthetic resin, EXCEVAL. Details of the revisions, which commence with shipments from October 15, 2013, are set out below.
Soaring crude oil and naphtha prices and such factors as rising utility costs have increasingly worsened the profitability of the operations. These cost rises have largely exceeded the scope of the Company’s independent cost reduction efforts. Accordingly, it is expected that continuing these operations would be difficult, should the Company maintain the current sales prices.
Given these factors, and in order to maintain a steady supply and improve profitability, Kuraray had to take the unavoidable decision to implement price revisions, as detailed below.
|PVA resin KURARAY POVAL||Price increase: ¥20/kg for shipments in Japan US$0.20/kg for overseas shipments|
|Vinyl acetate-based, water-soluble synthetic resin EXCEVAL||Price increase: ¥20/kg for shipments in Japan US$0.20/kg for overseas shipments|
Shipments from October 15, 2013