Kraton Polymers Announces European SBS and SIS Price Increase
April 01 2011 - 8:01PM
PR Newswire (Canada)
HOUSTON, April 1, 2011 /CNW/ -- Kraton Polymers LLC (together with
its direct and indirect subsidiaries, "Kraton"), a leading global
producer of styrenic block copolymers or "SBCs," announces a
general price increase in Europe, Africa and the Middle East of
Euro 150/MT for Kraton SBS, and OE SBS polymers and compounds, and
Euro 100/MT for all Kraton SIS polymers and compounds, and Euro
150/MT on all SIBS polymers and compounds. Subject to the terms of
any applicable contracts, these price increases will take effect
May 1, 2011. About Kraton Kraton Performance Polymers, Inc.(NYSE:
KRA), through its operating subsidiary Kraton Polymers LLC and its
subsidiaries, is a leading global producer of engineered polymers
and, we believe, the world's largest producer of styrenic block
copolymers ("SBCs"), a family of products whose chemistry was
pioneered by us almost fifty years ago. SBCs are highly-engineered
thermoplastic elastomers, which enhance the performance of numerous
products by delivering a variety of attributes, including greater
flexibility, resilience, strength, durability and processability.
Our 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. We currently offer approximately 800
products to more than 700 customers in over 60 countries worldwide,
and are the only SBC producer with manufacturing and service
capabilities on four continents. We manufacture products at five
plants globally, including our flagship plant in Belpre, Ohio, as
well as plants in Germany, France and Brazil, and a joint venture
plant operated in Japan. Kraton, the Kraton logo and design,
Cariflex, Nexar and the "Giving Innovators their Edge" tagline are
all trademarks of Kraton Polymers LLC. Forward Looking Statements
This press release includes "forward-looking statements," which are
statements other than statements of historical fact and are often
characterized by the use of words such as "believes," "expects,"
"estimates," "projects," "may," "will," "intends," "plans" or
"anticipates," or by discussions of strategy, plans or intentions.
All forward-looking statements in this press release are made based
on management's current expectations and estimates, which involve
risks, uncertainties and other factors that could cause results to
differ materially from those expressed in forward-looking
statements. These risks and uncertainties are more fully described
in "Part I. Item 1A. Risk Factors" contained in our Annual Report
on 10-K, as filed with the Securities and Exchange Commission and
as subsequently updated in our Quarterly Reports on Form 10-Q. We
hereby make reference to all such filings for all purposes. Readers
are cautioned not to place undue reliance on forward-looking
statements. We assume no obligation to update such information. ©
Kraton Performance Polymers, Inc. 2011. All rights reserved. For
Further Information: Kraton Performance Polymers, Inc. Media:
Marcie Coronado +1-281-504-4975 (Logo:
http://photos.prnewswire.com/prnh/20100728/DA42514LOGO) Web Site:
http://www.kraton.com
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