October 17, 2007
Kuraray Co., Ltd.
Kuraray Trading Co., Ltd.
Kuraray Co., Ltd. and Kuraray Trading Co., Ltd. have announced the decision to increase the price of COMOGLASS PMMA (methacrylic resin) extruded sheets and PMMA cast sheets, for shipments commencing November 1, 2007.
PMMA sheets boast solid demand, mainly for various optical materials and transparent resins.
However, prices of crude oil and naphtha have risen significantly, and the two companies' operating income has been declining despite such robust demand.
Under these circumstances, Kuraray and Kuraray Trading both decided to implement a price revision of COMOGLASS PMMA extruded sheets and PMMA cast sheets with the aim of maintaining stable supply and recovering profitability. Details of the price revision are as follows: