TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
Aug 20, 2021 13:00 JST
Source:
Showa Denko K.K.
Showa Denko to Raise Chloroprene Rubber Price
TOKYO, Aug 20, 2021 - (JCN Newswire) - Showa Denko (SDK; TSE:4004) has decided to increase its chloroprene rubber prices globally. The new prices will be effective from September 1, 2021.
We have avoided raising our chloroprene rubber prices for as long as possible, but we can no longer prolong the inevitable. The prices will be increased by US$520/m.t. or more for US-dollar-based transactions, or by EUR470/m.t. or more for euro-based transactions. The rate of price increase may differ between areas and customers while it will be subject to the terms of applicable contracts.
Due to rising key material costs, the current chloroprene rubber prices do not fully reflect increases in production costs and other business circumstances. Thus, SDK has concluded that it has no alternative but to raise prices in order to ensure the stable supply of chloroprene rubber and the continuation of its business while global demand is recovering and increasing rapidly.
About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, visit www.sdk.co.jp/english/.
Contact:
Showa Denko K.K., CSR & Corporate Communication Office, Tel: 81-3-5470-3235
Source: Showa Denko K.K.
Sectors: Chemicals, Spec.Chem
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
Showa Denko Launches Mass Production of 6-inch SiC Single Crystal Wafers
March 28 2022 11:00 JST
SDK Corrects Segment Information in 2021 Consolidated Financial Statements
March 11 2022 14:00 JST
Showa Denko Group Starts to Consider Transformation into Holding Company Structure
March 09 2022 14:00 JST
Showa Denko Decides Firm Name of the Newly Integrated Company
March 09 2022 14:00 JST
SDK Announces 2021 Consolidated Financial Results
February 14 2022 13:00 JST
SDK to Revise Amount of Director Compensation (in Money) Following Revision of Director Compensation Scheme and to Partially Revise Performance-Linked Stock Compensation Scheme
February 14 2022 13:00 JST
Showa Denko Accelerates Search for Optimal Formulation of Semiconductor Materials with Quantum Computing Technology
February 10 2022 12:00 JST
Showa Denko Revises Forecast of Consolidated Performance
February 09 2022 15:00 JST
New Year Message from Hidehito Takahashi, Showa Denko President and CEO
January 04 2022 13:00 JST
Showa Denko Develops HD Media for MAS-MAMR Technology
December 10 2021 12:30 JST
More Press release >>
Latest Press Release
"GTF Advantage" Engine Achieved FAA Type Certification
Apr 02, 2025 17:41 JST
Prideone Entertainment Announces New Post-War Film to Commemorate the 80th Anniversary of World War II's End
Apr 02, 2025 15:00 JST
Hitachi's New Corporate Vision: Changing the World and Future with the Power of Knowledge
Apr 01, 2025 18:46 JST
Hitachi: Strengthening Our Analytical Business to Solve Social Issues with Our Core Technologies
Apr 01, 2025 18:38 JST
Hitachi: Completion of New Production Facility for Semiconductor Manufacturing Equipment in Kasado Area
Apr 01, 2025 17:52 JST
NEC has developed technologies that enable a secure workflow for personalized cancer vaccines and has proven their capabilities
Apr 01, 2025 16:15 JST
Mitsubishi Motors Launches Miland Virtual Car Lifestyle App Service
Apr 01, 2025 14:59 JST
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
Apr 01, 2025 14:16 JST
Eisai to Divest Rights for Pariet in China to Peak Pharma
Apr 01, 2025 13:15 JST
Everbright Grand China Assets Recorded Revenue of RMB 45.9 Million in 2024
Apr 01, 2025 12:25 JST
MHIEC Receives Order for Full Refurbishment of Waste Incineration Plant in Itoman City, Okinawa Prefecture
Apr 01, 2025 11:45 JST
MHI Concludes "Mizuho Eco Finance" Commitment Line Agreement
Apr 01, 2025 10:51 JST
MHI Concludes Nissay Positive Impact Finance Agreement
Apr 01, 2025 09:54 JST
Gome Retail Continues to Focus on Its Main Business and Actively Resolve Debt
Apr 01, 2025 02:36 JST
Cryofocus Medtech: Steady Increase in Revenue and Gross Profit with Solid R&D Expenditures in 2024
Apr 01, 2025 01:42 JST
Five NTT Group Companies and Biome Inc. Start Joint Development of Large-scale Estimation Technology for Vegetation and Organisms using Satellite Image Data
Mar 31, 2025 15:43 JST
TANAKA Memorial Foundation Announces Recipients of Precious Metals Research Grants
Mar 31, 2025 11:00 JST
Fujitsu and Macquarie University partner to help address critical shortage of machine learning engineers
Mar 31, 2025 09:28 JST
ForexIGO by Avenix Fzco Enhances Automated Trading with Dual-Asset Precision
Mar 29, 2025 22:30 JST
Hua Medicine Announces 2024 Annual Results
Mar 28, 2025 22:51 JST
More Latest Release >>