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TOKYO, Nov 8, 2016 - (JCN Newswire) - Showa Denko ("SDK"; TSE:4004) has decided to increase its chloroprene rubber price in European and Asian markets from shipments departing from Japan on November 16, 2016.
We have avoided raising our prices for as long as possible, but we can no longer prolong the inevitable. The price will be increased by US$430/m.t. for US-dollar-based transactions, or by EUR 380/m.t. for euro-based transactions. The rate of increase may differ between areas and customers while will be subject to the terms of applicable contracts.
At present, the chloroprene rubber price does not fully reflect the increases in raw material costs and other business circumstances. Thus, SDK has concluded that it has no alternative but to raise price in order to ensure the stable supply of chloroprene rubber and the continuation of its business.
Contact:
Public Relations Office
Phone: 81-3-5470-3235
Topic: Press release summary
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem
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From the Asia Corporate News Network
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