March 1, 2013
Kuraray Trading Co., Ltd.
Kuraray Trading Co., Ltd. (hereinafter "Kuraray Trading") announces its decision to increase the prices of polyester filament yarn by ¥30-¥50 per kilogram for shipments commencing April 1, 2013 and to raise the prices by ¥10-¥30 per meter of polyester filament textiles for which sales contracts have been signed on or after April 1, 2013.
Due to recent skyrocketing prices of crude oil and naphtha, the costs of such key materials as purified terephthalic acid and ethylene glycol have been rising significantly. Together with recent trends in foreign currency exchange rate involving yen depreciation, these cost increases brought about a rapid deterioration in profitability.
Under these circumstances, to maintain a steady supply and to improve profitability, Kuraray Trading has decided to implement the price revisions set out below.
|1. Scope of revision||Polyester filament yarn and textiles|
|2. Price increases||
|3. Effective date||