Toagosei Co., Ltd. hereby announces that it has decided to increase the selling price of the following products and has entered into negotiations with its customers.
Products Subject to the Price Increase Liquid chlorine and chlorin gas
Amount of Price Increase 15 yen per kg or more
Effective Date
Products shipped from February 1, 2023
Background
Earnings for the above products subject to price increase have been squeezed by the increase in the price of raw materials and fuel and logistics costs.
The Company is working to reduce costs by way of production streamlining and logistics rationalization. However, it has determined it is necessary to revise the product price to continue stably producing and supplying products because there is a limit to what it can do on its own.
<Contact information> CORPORATE COMMUNICATION DEPARTMENT
e-mail address:irpr@ toagosei.co.jp
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Toagosei Co. Ltd. published this content on 16 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2023 07:39:05 UTC.
TOAGOSEI CO., LTD. is a Japan-based company mainly engaged in the chemicals business and polymer and oligomer businesses. The Company operates through five business segments. The Basic Chemicals segment manufactures and sells sodium hydroxide, sodium hydroxide, sodium hypochlorite, sulfuric acid, industrial gases, and acrylic acid esters. The Polymer and Oligomer segment manufactures and sells acrylic polymers, polymer flocculants, and photo-curable resins. The Resin Processing Products segment manufactures and sells plumbing equipment products, building materials and civil engineering products, life support products, and elastomer compounds. The Adhesive Materials segment manufactures and sells instant adhesives and functional adhesives. The Advanced Inorganic Materials segment manufactures and sells high-purity inorganic chemicals and inorganic functional materials. It is also engaged in new products research and development business, transportation and trading company business.