KRATON ANNOUNCES SBS CAPACITY EXPANSION AT BELPRE FACILITY BY 2024

Kraton Corporation announced a significant expansion of its styrene-butadiene-styrene (SBS) supply capabilities at its Belpre, Ohio facility, set to begin in 2024.

Rhea-AI Summary

Kraton Corporation announced a significant expansion of its styrene-butadiene-styrene (SBS) supply capabilities at its Belpre, Ohio facility, set to begin in 2024. The expansion will increase production capacity by 24 kilotons annually by 2025. CEO Holger Jung emphasized that this move responds to the growing demand for SBS in North America and enhances the company's supply chain reliability after navigating global challenges in 2022. Additionally, Kraton is exploring further manufacturing opportunities to strengthen its position in the region, highlighting its commitment to quality and customer satisfaction.

Positive

• Expansion of SBS production capacity by 24 kilotons annually by 2025.
• Strengthened supply chain reliability enhances product delivery and quality.
• Commitment to meet growing customer demand in North America.

Negative

• None.

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HOUSTON, March 29, 2023 /PRNewswire/ -- Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping by-products, announces a significant expansion of its styrene-butadiene-styrene block copolymers (SBS) supply capability at its Belpre, Ohio facility starting in 2024. The production capacity is expected to increase by 24 kilotons annually by 2025.

"We are excited to announce plans to expand our Belpre manufacturing capacity. This expansion supports our growth strategy and our customer's growing demand for SBS in North America," said Holger Jung, Kraton Polymers CEO. He added, "Global supply chain challenges and force majeure situations in 2022 impacted our business, but we have successfully navigated and emerged stronger. We recognize the importance of a reliable, effective supply chain. This expansion will ensure Kraton efficiently delivers the products and solutions our customers rely on, with consistent quality. We appreciate our customers' patience and trust as we strive to meet their needs with best-in-class solutions."

The increased capacity affirms Kraton's dedication to enhancing product reliability and meeting ongoing demand from both current and potential customers. To further grow its SBS capacity in North America, Kraton is exploring additional manufacturing expansion opportunities to strengthen its regional position.

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. 

Media Contact: Mariam Ottun; T: (346) 435-8042

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SOURCE Kraton Corporation

FAQ

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What is the significance of Kraton's expansion in Belpre, Ohio?

Kraton's expansion increases SBS production capacity by 24 kilotons annually by 2025, responding to rising demand in North America.

When will Kraton's facility expansion in Ohio take place?

The expansion at Kraton's Belpre facility is scheduled to begin in 2024.

How does the expansion affect Kraton's supply chain?

The expansion aims to strengthen Kraton's supply chain reliability, ensuring efficient product delivery to customers.

What was the impact of global supply chain challenges on Kraton?

Kraton faced challenges in 2022 but has managed to navigate them and emerge stronger, leading to this capacity expansion.

How is Kraton planning to further grow its SBS capacity?

Kraton is exploring additional manufacturing expansion opportunities to enhance its SBS capacity in North America.