Showa Denko raises CR prices

ERJ staff report (DS)

Tokyo -- Showa Denko K.K. will increase its chloroprene rubber price in markets outside Japan as from shipments on 1 January, 2011. Specifically, the price will be increased by US$500/m.t. or more for US-dollar-based transactions, or by €400/m.t. or more for euro-based transactions.

The company said, “At present, the chloroprene rubber price does not fully reflect the increases in raw material costs. Thus, SDK has concluded that it has no alternative but to ask its customers to bear a part of the cost increase in order to ensure the stable supply of chloroprene rubber and the continuation of its business.”

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Press release from Showa Denko