September 12, 2007
Kuraray Plastics Co., Ltd.
(the Kuraray Group)
Kuraray Plastics Co., Ltd. has decided to raise prices on all plastic and rubber hose for domestic and overseas markets by 15-20%, starting with products to be shipped on September 21.
Kuraray Plastics' plastic and rubber hoses are used as piping and installation in various equipment in a wide range of fields, including civil engineering, agriculture and factory equipment.
Recently, due to sharply increasing crude oil and naphtha prices, the price of fuel, polyvinyl chloride resins and plasticizing materials, the raw and secondary materials used in hose, have risen, forcing Kuraray to also raise prices.
Although Kuraray Plastics has implemented thorough rationalization measures and lowered costs, primarily in the production division, rising raw and secondary material prices have greatly outpaced those efforts.
Under the circumstances, Kuraray Plastics has decided to implement the following price revisions to maintain a stable supply of resin and plastic hose.
Details of the price revisions are show below: