March 3, 2014
Kuraray Co., Ltd.
Kuraray has decided to raise the price of PARAPET, a polymethyl methacrylate (PMMA, methacrylic resin) molding material, by ¥25 per kilogram for shipments in Japan and by US$250 per metric ton for export shipments, commencing with shipments from March 17, 2014.
Although Kuraray revised the price of PARAPET in February 2013, the escalating costs of main and auxiliary materials, caused by ever-increasing crude oil and naphtha prices in recent years, have largely exceeded the scope of the Company’s cost reduction efforts. This, in turn, has brought about a rapid deterioration in Kuraray’s earnings from PMMA.
In light of these circumstances, Kuraray decided to implement an upward revision in the product price to ensure a stable supply and to improve the profitability of this business. Details of the price revision are as follows.
|1.Scope of revision||PMMA for shipments in Japan and overseas|
|2.Price increase||¥25 per kilogram for shipments in Japan;
US$250 per metric ton for export shipments
|3.Effective date||Shipments from March 17, 2014|