Kraton Corporation Announces Global Price Increase For Pine Chemical Products
Kraton Corporation (NYSE: KRA) announced a 20% price increase on its CTO Refinery products and derivatives, effective June 1, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Kraton Corporation (NYSE: KRA) announced a 20% price increase on its CTO Refinery products and derivatives, effective June 1, 2021. This strategic move aims to enhance profitability amidst rising costs associated with raw materials and production. Kraton, a global leader in specialty polymers, serves diverse markets with its sustainable products derived from renewable resources, emphasizing its commitment to sustainability and innovation in the pine chemicals industry.
Positive
- 20% price increase on CTO Refinery products may improve revenue and margins.
- Kraton is a leading global producer, enhancing market position.
Negative
- None.
Details
News Market Reaction – KRA
The recorded move for KRA in the trading session of this news was +1.19%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, May 17, 2021 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, announces a general price increase of
ABOUT KRATON
Kraton Corporation (NYSE "KRA") 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.
For Further Information:
H. Gene Shiels 281-504-4886
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SOURCE Kraton Corporation
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