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