Kuraray: Price increase of Septon, Hybrar and TU-Polymer
Kuraray’s Elastomers Business Unit will raise the transaction prices of following elastomer products in all regions effective 1 February 2021 or as existing supply agreements allow: All Septon, Hybrar and TU-Polymer: USD 0.22 per kilogram (USD 0.10 per pound).
The company said that in response to increasing feedstock prices, utility and logistics costs, the transaction prices of these specialty high performance materials have been raised in the end of last year. However, such costs have been much higher than estimated. This time, it is necessary again to recover a portion of these increases to ensure ongoing supply and new product innovation, the compnay said in a statement from 12 January 2021.