Kraton Corporation Increases Prices for Terpene and Limonene Products
Kraton Corporation Implements Price Increase
Kraton Corporation, well-known for its commitment to sustainability and innovation in the production of specialty polymers, recently announced a price increase affecting its turpentine and limonene-based products. This decision reflects the company’s ongoing efforts to adapt to changing market conditions and supply chain dynamics.
Details of the Price Adjustment
Effective from April 1, 2025, Kraton will apply a price increase of up to 25% on its refined turpentine products and derivatives. Furthermore, the increase will extend to 25% or more for limonene-based derivatives, depending on specific contract terms. This strategic move underscores Kraton's resilience and its expectation of continued growth in the specialty chemicals sector.
Overview of Kraton's Operations
Kraton Corporation is recognized globally for its pioneering role in producing high-value, bio-based products crafted from pine wood pulping co-products. The company’s diverse range of specialty polymers serves various industries, including adhesives, coatings, personal care, and medical applications. The extensive portfolio also includes solutions for automotive, paving, and roofing needs, reflecting Kraton's broad market reach.
Diverse Applications of Kraton Products
The polymers developed by Kraton are integral to multiple sectors. Their products find common usage in adhesives, coatings, and consumer personal care items, which highlights the versatile nature of their offerings. Additionally, Kraton's expertise in pine chemicals positions it as the leading supplier to various markets, including road construction and tire manufacturing.
Commitment to Sustainability
Kraton is not only a leader in specialty chemicals but also a champion of environmental responsibility. The company’s dedication to sustainability is evident in its use of renewable resources and its efforts to minimize environmental impact while providing innovative solutions to customers worldwide. This commitment is central to their operations, ensuring that Kraton remains at the forefront of the industry.
Looking Ahead
With the implementation of the price increase, Kraton Corporation continues to strengthen its position in the global market. The company is poised for future growth, reflecting a robust business model responsive to market needs. As Kraton expands its reach into over 70 countries, stakeholders can anticipate ongoing developments and innovations in its product offerings.
Frequently Asked Questions
What prompted Kraton's price increase?
Kraton announced the price increase to adapt to evolving market conditions and ensure continued delivery of high-quality products.
When will the new prices take effect?
The new prices will be effective from April 1, 2025, or as contracts allow.
What types of products are affected by this increase?
The price adjustment impacts turpentine refined products and derivatives, along with limonene-based derivatives.
How is Kraton committed to sustainability?
Kraton focuses on renewable resources and aims to reduce environmental impact through its sustainable practices in producing specialty polymers.
In which markets does Kraton operate?
Kraton serves a diverse customer base in over 70 countries, impacting industries like automotive, construction, and personal care with its polymer solutions.
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