April 20, 2021
HOUSTON – Kuraray announces the decision to increase the prices of its EVOH products globally (ethylene vinyl alcohol copolymer; Kuraray trademark: EVAL) for shipments commencing May 1, 2021.
This price increase is in response to the extraordinary impact of winter storm Uri and the need to partially offset extremes in energy and raw material escalations that have followed. Kuraray will seek to recover these amplified costs through the combination of this price increase and temporary surcharges.
Kuraray will continue to optimize productivity and pursue all reasonable means to mitigate and control costs to support the EVAL™ EVOH product line.
Customers will be contacted and provided specific price details from their account managers directly.
Kuraray sincerely appreciates the patience, flexibility and support to work through this difficult situation together. If you have any questions about this announcement, please do not hesitate to contact your sales representative.
About Kuraray
Founded in 1926, Japan-based Kuraray is a world leader in performance-based polymer and synthetic chemistry technologies, including resins, chemical, fibers, and textiles. It was the first entity in the world to bring ethylene vinyl alcohol (EVOH) polymers to market. The company operates 19 subsidiaries around the world, including Kuraray America, Inc., which is headquartered in Houston, TX. The U.S. division is a world leader in barrier polymer material with products like EVAL™ EVOH and Plantic™, a bio-based polymer with high barrier properties. For more information, visit www.evalevoh.com.
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On-Site Media Contact:
Jessica Kuhlman
jessica.kuhlman@kuraray.com
281-508-2431
General Media Contact:
McKenna Parr
McKenna@griffincg.com
281-335-0200