Kraton Corporation Announces Global Price Increase For Pine Chemical Products

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.

News Market Reaction – KRA

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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 20% across its CTO Refinery products and derivatives.  This increase will be effective June 1st, 2021, and/or subject to the terms of any applicable contracts and obligations.  

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

FAQ

What is the recent price increase announced by Kraton Corporation (KRA)?

Kraton Corporation announced a 20% price increase on its CTO Refinery products and derivatives effective June 1, 2021.

When will Kraton's price increase take effect?

The price increase will take effect on June 1, 2021.

What products are affected by Kraton's price increase?

The price increase affects Kraton's CTO Refinery products and derivatives.

How does Kraton Corporation (KRA) position itself in the market?

Kraton is a leading global producer of specialty polymers and high-value bio-based products derived from renewable resources.

What are the benefits of the price increase for Kraton Corporation (KRA)?

The price increase could improve revenue and profit margins, helping to offset rising production costs.