Kraton Polymers Announces Americas SBS, SIS, and SIBS Price Increase
June 01 2011 - 8:01PM
PR Newswire (Canada)
HOUSTON, June 1, 2011 /CNW/ -- (North, Central and South American
regions) 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
the Americas of 176 USD/MT, or 8 cpp for Kraton SBS and OE SBS
polymers and compounds, and 220 USD/MT, or 10 cpp for all SIS and
SIBS polymers and compounds. Subject to the terms of any applicable
contracts, these price increases will take effect July 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 one of the
world's largest producers 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. (Logo:
http://photos.prnewswire.com/prnh/20100728/DA42514LOGO) For Further
Information: Kraton Performance Polymers, Inc. Media: Marcie
Coronado +1-281-504-4975 Web Site: http://www.kraton.com
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