HOUSTON (Nov. 14) — Kraton Polymers L.L.C.´s pre-tax operating earnings jumped 49 percent in the third quarter as sales revenue rose 3.2 percent despite lower sales volume.
"We are pleased with our quarterly results in the face of strong headwinds from continued high raw material costs, increased price competition and difficult market conditions in some of our end-uses," said Kraton President and CEO George B. Gregory.
"We remain focused on delivering exciting new innovations to our customers, driving increases in productivity, and improving the quality of our products and services."
Kraton´s pre-tax earnings hit $37 million in the quarter as sales rose to $288 million. Net income quadrupled in the quarter in the quarter, but nine-month net earnings of $22 million remain $3 million behind 2005, Kraton said. Nine-month sales were up 7 percent to $803 million.
Kraton Polymers is the world´s largest producer of styrenic block copolymers, with plants in the U.S., Netherlands, Germany, France, Brazil and Japan.