July 11, 2007
Kuraray Trading Co., Ltd.
Kuraray Trading announces the decision to increase the price of polyester filament yarn for shipments commencing July 1, 2007.
Given the steep rise of crude oil and naphtha prices in recent years, increased raw material and fuels prices have considerably exceeded the scope of the Company's cost-reduction efforts, and consequently operating revenue is rapidly declining.
In view of these circumstances, and in an effort to maintain the stability of supply, Kuraray Trading has implemented the price revision set out below.