Kraton Corporation Announces Global Price Increase for Products
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Kraton Corporation Announces Price Increase for HSBC Products
Kraton Corporation, a leading global producer of sustainable specialty polymers and high-value bio-based products, has announced a notable price increase of $220 per metric ton for all HSBC products. This decision is attributed to the ongoing rise in raw material costs, process chemicals, warehousing expenses, and transportation fees.
Reason Behind the Increase
The current economic climate has resulted in significant cost increases across various sectors. Kraton’s price adjustment aims to reflect these realities and ensure the continued availability of their high-quality products. This general price increase will take effect from October 1, 2024, and it will adhere to the terms of any existing contracts.
About Kraton Corporation
Kraton Corporation is recognized globally as a top producer of specialty polymers and high-performance products sourced from renewable resources. The company's diverse polymer range is employed in numerous applications, spanning adhesives, coatings, consumer, and personal care products, as well as sealants and lubricants. Furthermore, their products benefit various sectors, including medical, packaging, automotive, paving, and roofing.
Market Position and Global Reach
As the largest provider in the pine chemicals industry, Kraton delivers pine-based specialty products to markets including adhesive, road construction, and tires. Their expansive portfolio of performance chemicals serves numerous industries, such as fuel additives, oilfield chemicals, coatings, and mining. With over 70 countries in their customer base, Kraton stands out for its commitment to quality and sustainability in its product offerings.
Contact Information
For further inquiries regarding Kraton Corporation and its offerings, you can reach out to Mariam Stevens at (346) 435-8042.
Frequently Asked Questions
What is the reason for Kraton's price increase?
The price increase is mainly due to rising costs in raw materials, process chemicals, warehousing, and transportation.
When will the price increase take effect?
The new pricing will be effective starting October 1, 2024.
What types of products does Kraton produce?
Kraton produces specialty polymers and performance chemicals used in various applications including adhesives, coatings, and personal care products.
In how many countries does Kraton operate?
Kraton provides its products to customers in over 70 countries worldwide.
Who can I contact for more information about Kraton?
You can contact Mariam Stevens at (346) 435-8042 for more details.
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