July 20, 2011
Kuraray Chemical Co., Ltd.
Kuraray Chemical Co., Ltd. (Headquarters: Osaka City; President: Nobuo Iwawaki) announced its decision to revise the prices of activated carbon and other related products. The price revisions will be implemented for shipments in Japan and overseas commencing August 1, 2011.
The primary raw materials for producing activated carbon are coconut shell, coal and wood chip.
The increases in the prices of these raw materials have significantly outstripped Kuraray Chemical's independent efforts to reduce costs in the activated carbon business, making deteriorations in revenue and earnings unavoidable. Under these circumstances, Kuraray Chemical has decided to implement the following price revisions for activated carbon in order to maintain a steady supply given the demand for this material mainly in the environment field as well as to improve profitability.
|1. Scope of revision||Activated carbon and other related products|
|2. Price increase||Depending on the product
15%–30% in Japan
|3. Effective date||Shipments from August 1, 2011|