Kuraray Co., Ltd.

Kuraray announces its decision to increase the prices of KURALON™, a polyvinyl alcohol fiber (PVA), and KURALON™ K-II for shipments commencing May 1, 2022.

In addition to the significant increase in the cost of key raw materials and utilities resulting from a rise in crude oil prices, Kuraray’s earnings continue to experience pressure from soaring logistics and manufacturing costs associated with increased costs for facility maintenance and renewal, which are beyond the scope of cost absorption through the Company’s internal efforts.

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
2.Price Increase 20%
3.Effective Date Shipments from May 1, 2022