Kraton Corporation Announces Price Increase for HSBC Products
Kraton Corporation, a prominent global manufacturer of sustainable specialty polymers and high-value bio-based products, has declared a significant price increase of $220 per metric ton for all HSBC products. This decision comes in response to the ongoing rise in costs associated with raw materials, process chemicals, warehousing, and transportation.
Reason Behind the Increase
The current economic landscape has led to substantial cost hikes across various industries. By adjusting their prices, Kraton aims to reflect these changes and maintain the availability of their high-quality products. This price increase will take effect on October 1, 2024, and will comply with the terms outlined in any existing contracts.
About Kraton Corporation
Kraton Corporation is globally acknowledged as a leading producer of specialty polymers and high-performance products derived from renewable resources. Their diverse range of polymers finds applications in many areas, including adhesives, coatings, consumer goods, personal care items, sealants, and lubricants. Additionally, their products support various sectors such as medical, packaging, automotive, paving, and roofing.
Market Position and Global Reach
As the largest supplier in the pine chemicals sector, Kraton provides pine-based specialty products for markets like adhesives, road construction, and tires. Their extensive portfolio of performance chemicals serves a wide array of industries, including fuel additives, oilfield chemicals, coatings, and mining. With a customer base spanning over 70 countries, Kraton is distinguished by its dedication to quality and sustainability in its product offerings.
Contact Information
If you have any questions regarding Kraton Corporation and its products, please 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 primarily 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.
