LaPlace, Louisiana – Denka Performance Elastomer (DPE), which took over Dupont's neoprene business in November 2015, has announced price rises for its polychloroprene rubber.
In a 28 Feb letter to its customers, Denka said the increase, effective 1 April, will be minimum $600 (€570) per tonne for the US and other global markets.
The company had already applied price rises of $400 (€380) per tonne for the material in February, in addition to another price rise late last year.
Denka Performance Elastomer was established in 2015 as a joint venture in which Tokyo-based Denka Co. Ltd. owns 70% and Mitsui Co. Ltd., also based in Tokyo, owns 30%. The company’s neoprene products are made at a LaPlace facility previously owned by DuPont.