ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
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.
Latest Release
NEC Provides Vehicle Management Equipment for Autonomous Driving at Tokyo International Airport
Dec 15, 2025 19:41 JST
NEC and AEROTHAI Elevate Air Traffic Safety with Advanced Time Sync Solutions from Adtran Oscilloquartz
Dec 15, 2025 19:04 JST
Olympus Triples Venture Capital Fund Investment to Strengthen MedTech Leadership
Dec 15, 2025 08:30 JST
HKTDC 4Q25 Export Confidence Index: 2026 Hong Kong Export Growth of 8-9%, Sustained AI product demand lays solid foundation for future expansion
Dec 12, 2025 23:15 JST
Anime Tokyo Station: A Series of Linked Events to Be Held in Conjunction with the Anniversary Joint Exhibition
Dec 12, 2025 11:00 JST
MHI and Worley to Deliver Full-Scale Carbon Capture Facility for Heidelberg Materials UK's Padeswood Cement Works
Dec 08, 2025 17:00 JST
Honda Technical Support for Red Bull Powertrains in F1 Racing Concludes
Dec 08, 2025 16:34 JST
MHIET U.S. Subsidiary's Franklin Plant Celebrates 10th Anniversary
Dec 08, 2025 16:03 JST
Lexus World Premieres Lexus LFA Concept BEV Sports Car
Dec 05, 2025 19:13 JST
TOYOTA GAZOO Racing World Premieres GR GT & GR GT3
Dec 05, 2025 18:58 JST
TOYOTA GAZOO Racing and Lexus Hold World Premiere of GR GT, GR GT3, and Lexus LFA Concept
Dec 05, 2025 18:24 JST
World's First General Design Approval (GDA) for Developed Steel and Post-Weld Heat Treatment (PWHT) Exemption based on ECA for Low-pressure Liquefied CO2 Tank made of KF460 steel
Dec 05, 2025 18:17 JST
Hitachi at CES 2026: Building a Harmonized Society Through Technology
Dec 04, 2025 19:40 JST
Fujitsu and Scaleway partner to accelerate European sustainable transformation and data sovereignty with FUJITSU-MONAKA CPU-based AI inference
Dec 04, 2025 19:08 JST
NEC Orchestrating Future Fund Invests in PopID, Inc. to Accelerate Global Expansion of Biometric Payment Solutions and Launch a Strategic Collaboration
Dec 04, 2025 18:52 JST
Eisai Presents New Data on the Continued and Expanding Benefit of LEQEMBI(R) (lecanemab-irmb) Maintenance Treatment in Early Alzheimer's Disease at CTAD 2025
Dec 04, 2025 18:36 JST
The 26th Hong Kong Forum marks successful completion
Dec 03, 2025 22:44 JST
New Data Presented at CTAD 2025 Confirms Pharmacological Effect of LEQEMBI(R) (lecanemab-irmb) on Neurotoxic Aβ Protofibrils in CSF
Dec 03, 2025 18:19 JST
Mitsubishi Motors Launches the All-New Destinator in Vietnam
Dec 03, 2025 18:00 JST
Anime Tokyo Station: Celebrating the 25th Anniversaries of Two Popular Anime with an Anniversary Joint Exhibition Starting November 15
Dec 03, 2025 11:30 JST
More Latest Release >>
Related Release
Showa Denko Launches Mass Production of 6-inch SiC Single Crystal Wafers
3/28/2022 12:00:00 PM JST
SDK Corrects Segment Information in 2021 Consolidated Financial Statements
3/11/2022 3:00:00 PM JST
Showa Denko Group Starts to Consider Transformation into Holding Company Structure
3/9/2022 3:00:00 PM JST
Showa Denko Decides Firm Name of the Newly Integrated Company
3/9/2022 3:00:00 PM JST
SDK Announces 2021 Consolidated Financial Results
2/14/2022 2:00:00 PM 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
2/14/2022 2:00:00 PM JST
Showa Denko Accelerates Search for Optimal Formulation of Semiconductor Materials with Quantum Computing Technology
2/10/2022 1:00:00 PM JST
Showa Denko Revises Forecast of Consolidated Performance
2/9/2022 4:00:00 PM JST
New Year Message from Hidehito Takahashi, Showa Denko President and CEO
1/4/2022 2:00:00 PM JST
Showa Denko Develops HD Media for MAS-MAMR Technology
12/10/2021 1:30:00 PM JST
More Press release >>