Kraton and International Paper Execute Strategic Continuity of Services Agreement
Rhea-AI Summary
Kraton Corporation and International Paper (NYSE:IP) have executed strategic agreements to maintain uninterrupted site services at Kraton's Savannah, Georgia facility. The partnership ensures continuity of essential services from International Paper, enabling Kraton to maintain production of critical pine chemical products while investing in future infrastructure.
The agreement demonstrates both companies' commitment to supply reliability and operational continuity in the pine chemicals industry. Kraton will continue investing in its Savannah facility to enable long-term independent operations, while International Paper reaffirms its position as a long-term partner in the pine chemicals market.
Positive
- Agreement ensures operational continuity for Kraton's pine chemicals production
- Strategic partnership maintains essential site services without disruption
- Enables Kraton to invest in future infrastructure while maintaining current operations
Negative
- None.
News Market Reaction
On the day this news was published, IP gained 2.17%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
International Paper will continue providing essential site services to Kraton, enabling uninterrupted production and delivery of critical pine chemical products. The arrangement supports Kraton's efforts to sustain operations without disruption while it invests in future infrastructure at the
"Securing this agreement reinforces our unwavering commitment to our customers and the pine chemicals industry," said Minco van Breevoort, President of Kraton Pine Chemicals. "It's business as usual. Our teams are fully aligned to ensure reliable operations, and this agreement provides continuity of supply to pine chemical markets as we invest in our long-term capabilities."
The partnership reflects a shared vision between Kraton and International Paper to strengthen the pine chemicals value chain and ensure stable supply to customers across key global markets.
"We are pleased to renew and extend our partnership with Kraton," said Chris Roeder, Vice President and General Manager, Pine Chemicals and Low Carbon Solutions at International Paper. "This arrangement confirms our long-standing relationship with Kraton and our commitment to being a reliable, long-term partner to Kraton and participant in the pine chemicals markets for years to come."
Kraton remains focused on delivering high-performance, sustainable solutions for its customers worldwide and continuing its leadership in the bio-based chemical industry.
For more information about Kraton, please visit www.KRATON.com.
About Kraton Corporation
Kraton Corporation is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants, and lubricants, and medical, packaging, automotive, paving and roofing products. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide.
*Kraton, the Kraton logo and design are all trademarks of Kraton Corporation, or its subsidiaries or affiliates, in one or more, but not all countries.
About International Paper
International Paper (NYSE: IP; LSE: IPC) is the global leader in sustainable packaging solutions. With company headquarters in Memphis, Tennessee, USA, and EMEA (
Media Contact: Amanda Lubow; T: (281) 504 4828
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SOURCE Kraton Corporation
