Kuraray Co Ltd : Price Revisions for Elastomer-Related Products
January 17, 2014 at 12:29 pm IST
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Price Revisions for Elastomer-Related Products
January 17, 2014
Kuraray Co., Ltd.
Kuraray announces its decision to upwardly revise the prices of its elastomer-related products for shipments commencing February 1, 2014. Details of the revisions are given below.
Both the cost of utilities and the cost of the principal raw materials of elastomer-related products continue to hover at high levels due to prolonged high market prices and the continued devaluation of the yen since early 2013. The resulting increases in expenses are in excess of the Company's ability to compensate with independent cost-reduction efforts, causing rapid deterioration in earnings from elastomer-related products.
Under these circumstances, Kuraray has decided to implement the price revisions set out below to maintain a steady supply and to improve profitability.
Kuraray Co., Ltd. is the world's leader in the manufacturing and marketing of chemical products, resins and synthetic fibers. Net sales break down by family of products as follows:
- chemical and resin (45.6%): functional resins and films, elastometers, thermoplastics, adhesives, fine chemistry products, etc. primarily for cosmetic products, televisions and mobile phones screens, foot packaging and paper manufacturing;
- fibers and textile products (29.8%): synthetic fibers and man-made leather, polyester, nonwoven textile products, resins, etc. sold under the brands Kuralon, Clarino Vectran and Kuraflex;
- functional materials (18.8%): methacrylic resin, medical chemicals, carbon materials, etc.;
- other (5.8%): primarily dental treatment and water purifying products.
At the end of 2019, the group had 52 production worldwide.
Net sales break down geographically as follows: Japan (27.1%), China (13.8%), Asia (12.3%), Europe (23.6%), the United States (18.5%) and other (4.7%).