Showa Denko to Raise Chloroprene Rubber Price

ENGLISH
|
JAPANESE
|
CONNECT WITH US:

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 ©2026 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Latest Release

Mitsubishi Heavy Industries (MHI)

Mitsubishi Shipbuilding Receives Order for the MAmmoSS(R) Ammonia Fuel Handling System
Jun 27, 2026 13:16 JST

Mitsubishi Heavy Industries (MHI)

MHI Study Results Indicate Potential Cost Reductions in the Decarbonization Value Chain Using Green Hydrogen and Ammonia Produced in India
Jun 27, 2026 13:00 JST

Sharp Corporation

Foxconn and Sharp Signs Memorandum of Understanding for Strategic Collaboration in New Business Areas
Jun 27, 2026 12:44 JST

Denso

DENSO Group Formulates New Environmental Policy "Eco Vision 2035"
Jun 27, 2026 11:58 JST

JCB

JCB and PNB Launch New Platinum Credit Card, Empowering Consumers with Greater Value and Lifestyle Benefits
Jun 26, 2026 19:00 JST

Mitsubishi Heavy Industries (MHI)

MHIET's 500kW-Class Hydrogen Engine Generator Set Achieves Technology Readiness Level for Commercialization
Jun 24, 2026 02:29 JST

NTT DOCOMO

DOCOMO Becomes First in Japan to Deploy Nokia's AI-powered MantaRay AutoPilot for Automated Network Optimization
Jun 24, 2026 02:11 JST

Mitsubishi Power

Mitsubishi Power and LNGPH Sign Long-Term Deal for Gas Turbine Parts and Services to Advance Energy Resilience in the Philippines
Jun 24, 2026 01:54 JST

Honda Motor Co, Ltd

Honda to Rename Rugby Team "TOCHIGI Honda HEAT" to Coincide with the Team's New Base of Operation
Jun 24, 2026 00:36 JST

NEC Corporation

NEC Participates in NATO CCDCOE's Cyber Defense Exercise "Locked Shields 2026"
Jun 24, 2026 00:13 JST

JCB

JCB Contactless Expands to Metro de Madrid Enabling Seamless Tap-to-Ride Access Across the Network
Jun 23, 2026 12:00 JST

Fujitsu honored with record-breaking 8 awards at AWS Japan Certification Award 2025, recognized for AI and cloud implementation and talent capabilities
Jun 19, 2026 23:58 JST

Fujitsu spotlights dynamic transformation for business in an AI era as the core theme for the Fujitsu Technology and Service Vision 2026
Jun 19, 2026 23:15 JST

Sharp Corporation

New Heat Dissipation Device Design Achieves a 47% Weight Reduction in an NTN Planar Antenna
Jun 19, 2026 22:39 JST

Hitachi, Ltd.

Hitachi Energy bolsters the regional transformer market with strategic investment in North America
Jun 19, 2026 22:15 JST

Japantastics, Inc.

Japantastics Introduces Sato Mokko to the World -- A New Chapter in Japanese Artisanal Craftsmanship
Jun 18, 2026 08:00 JST

Hitachi, Ltd.

Hitachi expands its work with OpenAI to accelerate AI-driven modernization and cybersecurity
Jun 17, 2026 14:54 JST

Fujitsu and IBM Japan collaborate on modernization to support enterprise digital transformation
Jun 17, 2026 14:23 JST

Sharp Corporation

Sharp to Introduce AQUOS R11 Smartphone
Jun 17, 2026 13:59 JST

Honda Motor Co, Ltd

Honda to Begin Supplying Three High-output Models of the eGX Electric Power Unit Series for Commercial-Grade Work Equipment
Jun 17, 2026 13:44 JST

More Latest Release >>