Kuraray said on Jan. 16 that it will on Feb. 1 raise the price of its Genestar heat-resistant polyamide resin for shipments in Japan and overseas. The range of the price increase is as follows: Filler-reinforced grades: 60 yen per kilogram for Japanese domestic shipments, $0.50 per kilogram for overseas shipments Glass fiber-reinforced halogen flame-resistant grades: 150 yen per kilogram...
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Kuraray to Raise Prices for Elastomer Products
Kuraray said that it will be raising prices on its hydrogenated styrenic elastomers Septon, Hybrar, and TU-Polymer. Set to come into effect on July 15, the global price hike will see prices here rise by $0.33 per kilogram. The rising costs, including main raw materials, utilities, and logistics costs related to the products in question, have exceeded the scope of...
Kuraray Holds Online Trade Show for Automotive Industry
Kuraray Co. Ltd. (TYO:3405) is holding an online trade show focused on the automobile industry over May 20 – June 30. Through on-demand video and other such means, the chemicals company is showing how the Kuraray Group’s materials can provide various next-gen solutions for the automotive industry with a focus on the environment, safety and comfort One of the products...
Kuraray Adopts Rehiring System for Former Employees
Chemical manufacturer Kuraray Co. Ltd. (TYO:3405) launched a new system on Sept. 20 to offer re-employment opportunities to those who have left the company. Kuraray also introduced a social networking system (SNS) that enables the exchange of information with former career track employees to exchange information to help them get back up to speed with work. When an employee wishes...
Kuraray Posts Drop in Profits for 2018 Despite Significant Increase to Sales
Kuraray Co. Ltd. (TYO:3405) recently posted its full-year results for 2018, showing a significant increase to sales but a decrease in all profit metrics. While the company’s sales rose by 16.3 percent year-on-year to reach almost 603 billion yen ($5.45 billion), its operating profit fell 13.8 percent to 65.79 billion yen, with ordinary profit down 17.6 percent to 61.17 billion...
Kuraray Plans Major Investment to Build New TPE Factory in Thailand
Kuraray Co. Ltd. (TYO:3405) is set to build a new factory in Thailand for the production of thermoplastic elastomers (TPEs) and highly functional resins. Located in the Hemaraj Eastern Industrial Estate, part of Thailand’s Map Ta Phut complex, the new factory is slated for completion at the end of 2021. Kuraray will use the location to provide 13,000 tons of...