Kuraray announces its decision to increase the prices of both methyl methacrylate (MMA) monomer and methacrylic acid (MAA) by ¥13 per kilogram in Japan for shipments commencing March 20, 2014.
The recent rises in the prices of mainstay materials and auxiliary material costs, which are attributable to a hike in crude oil and naphtha prices, have brought about a rapid deterioration in the Company’s earnings from MMA monomer and MAA.
In light of these circumstances, Kuraray decided to implement price revisions to maintain a stable supply and to improve profitability in this business. Details of the price revisions are as follows.
|1. Scope of revisions||Domestic shipments of MMA monomer and MAA|
|2. Price increase||¥13 per kilogram|
|3. Effective date||Shipments from March 20, 2014|