LaPLACE, La.—Denka Performance Elastomer L.L.C., which took over Dupont's neoprene business in November 2015, has announced price rises for its polychloroprene rubber.
In a letter to its customers, Denka said the increase, effective April 1, will be minimum $600 per metric ton for the U.S. and other global markets.
Earlier in February, Denka increased neoprene prices by $400 per ton. That was on top of a price increase it had applied late last year.
Denka Performance Elastomer was established in 2015 as a joint venture in which Tokyo-based Denka Co. Ltd. owns 70 percent and Mitsui Co. Ltd., also based in Tokyo, owns 30 percent. The company's neoprene products are made at a LaPlace facility previously owned by DuPont.