Kuraray raising prices for ‘isoprene chemicals derivatives products’

Tokyo - Kuraray Co. Ltd is increasing the prices of isoprene chemicals derivatives products for shipments starting 1 July.

All products for domestic and export shipments will be subject to a price increase of 20% to 35%, said Kuraray in a 15 June statement.

The Japanese supplier said the price hike was due to the increasing production costs including equipment maintenance and updates in production, as well as raw material and transportation costs, which it said was impacting profitability.

Kuraray’s isoprene derivatives portfolio covers chemical products using isoprene as a building block, including its isoprene-based liquid rubber and other pharmaceutical and agrochemical intermediates.