1. Home
  2. Press release
Jan 25, 2017 13:30 JST

Source: Showa Denko K.K.

Showa Denko to Raise Chloroprene Rubber Price

TOKYO, Jan 25, 2017 - (ACN Newswire) - Showa Denko ("SDK"; TSE:4004) has decided to increase its chloroprene rubber price globally. The new price will be effective from February 16, 2017. This increase is additional to our last price-change announcement on November 8, 2016 for European and Asian markets.

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$400/m.t. (US$0.18/lb.) or more for US-dollar-based transactions, or by EUR 360/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.

Due to rising key material costs, the current chloroprene rubber price does not fully reflect the increases in production 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
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Related Press Release

Showa Denko Announces 2022 2Q Consolidated Financial Results
August 04 2022 14:00 JST
 
Showa Denko Revises Forecast of Consolidated Performance
August 03 2022 14:00 JST
 
Showa Denko Concludes MOU with SK Inc. to Give Consideration to a Plan to Cooperatively Produce High-Purity Gases for Semiconductors in North America
June 29 2022 12:00 JST
 
SDK and Microwave Chemical Start Joint Development of New Microwave-based Chemical Recycling Technology to Directly Transform Used Plastic into Basic Chemical Feedstock
June 28 2022 10:30 JST
 
Showa Denko Announces Record Date for Extraordinary Shareholders' Meeting
May 26 2022 14:00 JST
 
Showa Denko to Consider Simplified Absorption-type Company Split
May 26 2022 14:00 JST
 
Showa Denko Starts Shipment of Newly Developed HD Media for Record-breaking 26TB Near-line HDD
May 26 2022 11:00 JST
 
Showa Denko's Program for 8-inch SiC Wafers for the Next-generation Green Power Semiconductor selected for NEDO's Green Innovation Fund Projects
May 24 2022 17:00 JST
 
Showa Denko Announces 2022 First Quarter Financial Results
May 11 2022 14:00 JST
 
Showa Denko Decides to Raise Chloroprene Rubber Price
April 27 2022 10:30 JST
 
More Press release >>

Latest Press Release


TOPVISION Launches Prospectus for Listing Transfer from LEAP to the ACE Market
Nov 27, 2024 05:53 JST

TOYOTA GAZOO Racing FULLY PREPARED FOR DAKAR 2025
Nov 26, 2024 17:55 JST

Eisai Signs Research Collaboration Agreement with The National Center of Neurology and Psychiatry to Initiate Apolipoprotein E Genetic Testing in the "AD-DMT Registry" in Japan
Nov 26, 2024 15:50 JST

Fujitsu develops Policy Twin, a new digital twin technology to maximize effectiveness of local government policies for solving societal issues
Nov 26, 2024 10:51 JST

TOYOTA GAZOO Racing reinforces WRC line-up with youth and experience for 2025
Nov 25, 2024 17:10 JST

Toyota Submits Progress Report on Recurrence Prevention Measures
Nov 25, 2024 15:43 JST

TOPVISION Launches Prospectus for Transfer Listing from LEAP to the ACE Market
Nov 25, 2024 15:00 JST

MHI Thermal Systems Receives Order from Aisan Industry for Aquifer Thermal Energy Storage System for Its New Anjo Plant
Nov 25, 2024 14:18 JST

Oracle Red Bull Racing Driver Max Verstappen Wins Fourth Consecutive F1 Drivers' World Championship
Nov 25, 2024 11:55 JST

Kaplan Fox & Kilsheimer LLP Alerts Investors to a Securities Class Action Against Humacyte, Inc. (HUMA) - Deadline is January 17, 2025
Nov 22, 2024 11:00 JST

NaaS Q3 2024 Recap: Strategic Shifts and Tech Innovations for Growth
Nov 21, 2024 22:59 JST

Honda Unveils Demonstration Production Line for All-Solid-State Batteries Located in Sakura City, Tochigi Prefecture, Japan
Nov 21, 2024 15:35 JST

Deadline to Lead in Securities Fraud Lawsuit Against Humacyte, Inc. (HUMA) is January 17, 2025 - Contact Kaplan Fox & Kilsheimer LLP
Nov 21, 2024 09:00 JST

ALL Study Groups Using DehydraTECH Processing Outperform Rybelsus(R) in Body Weight Control in Lexaria's 12-Week GLP-1, Diabetes Animal Study
Nov 20, 2024 23:05 JST

Start of Demonstration Test of Two-Phase Direct-to-Chip Cooling in the Air-Cooled Data Center
Nov 20, 2024 15:30 JST

Rozebalamin for Injection 25mg (Mecobalamin) for Amyotrophic Lateral Sclerosis Launched in Japan
Nov 20, 2024 11:51 JST

Anticancer Agent "TASFYGO Tablets 35mg" (Tasurgratinib Succinate) Launches in Japan for Biliary Tract Cancer with FGFR2 Gene Fusion or Rearrangements
Nov 20, 2024 10:24 JST

Kingsoft Announces 2024 Third Quarter Results
Nov 19, 2024 18:54 JST

NTT and Olympus Joint Demonstration Shows IOWN APN's Low-latency Capability Can Be Used for Real-time Diagnosis and Treatment on a Remote Server to Realize World's First Cloud Endoscopy System
Nov 19, 2024 15:30 JST

Supercomputer Fugaku retains first place worldwide in HPCG and Graph500 rankings
Nov 19, 2024 09:02 JST
 More Latest Release >>