Kraton Corporation Announces Global Price Increase for Tall Oil Fatty Acids
Kraton Corporation (NYSE: KRA) announced a global price increase of up to 10% for Tall Oil Fatty Acids (TOFA), effective January 1, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
Kraton Corporation (NYSE: KRA) announced a global price increase of up to 10% for Tall Oil Fatty Acids (TOFA), effective January 1, 2021. The decision is subject to applicable contract terms. Kraton is a leading producer of specialty polymers and high-value biobased products, utilizing pine wood pulping co-products. Their products serve various markets, including adhesives, coatings, and personal care, with a diverse customer base in over 70 countries.
Positive
- Kraton is implementing a price increase for TOFA, which could enhance revenue.
- Kraton maintains a diverse product portfolio serving multiple markets, reducing dependency on a single source of income.
Negative
- A price increase may lead to decreased demand in the competitive market.
Details
News Market Reaction – KRA
The recorded move for KRA in the trading session of this news was -2.51%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, Nov. 18, 2020 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces a general price increase of up to
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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