HOUSTON, May 31, 2017 /PRNewswire/ -- Kraton Corporation (NYSE: KRA), a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from renewable resources, announces a global price increase of $50-100/MT for AQUATAC™, SYLVALITE™ and SYLVATAC™, and SYLVACOTE™ Rosin Ester product lines. SYLVARES™ and ZONATAC™ Terpene and AMS/AMS phenolic specialty product lines will see an increase from $200-500/MT. The increase is due to the current changing market condition in the chemical industry, which has been impacted by higher prices for raw materials.
The price increase may vary depending on product composition and delivery locations. Subject to the terms of any applicable contract, the price increase for these products will take effect July 1, 2017.
About Kraton Corporation
Kraton Corporation (NYSE "KRA") is a leading global producer of styrenic block copolymers, specialty polymers and high-value performance products derived from pine wood pulping co-products. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving, roofing and footwear products. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of chemical intermediates into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks, flavors and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide. Kraton, the Kraton logo and design are all trademarks of Kraton Corporation., or its subsidiaries or affiliates.
Media Contact: Vaneese Bell; T: (281) 504-4792
Investor Relations Contact: Gene Shiels; T: (281) 504-4886
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SOURCE Kraton Corporation