Kuraray Co., Ltd.

Kuraray announces its decision to increase the prices of KURALON, a polyvinyl alcohol (PVA) fiber, and KURALON K-II for shipments commencing January 1, 2021.

Costs arising from the manufacture of these offerings have been increasing due primarily to a surge in logistics costs that reflects the current shortage of human resources and containers as well as growing expenses for facility maintenance and upgrading. This increase in costs is in excess of the effects of the Company’s cost-reduction endeavors to date. Moreover, this trend is expected to continue going forward.

Under these circumstances, Kuraray has decided to implement the price revisions set out below to improve profitability and to maintain a steady supply.

1.Scope of Revision KURALON and KURALON K-II for domestic and overseas shipments
2.Range of Price Increase Up 10% to 20% from the current prices
3.Effective Date Shipments from January 1, 2021