HOUSTON—The global coronavirus pandemic has had limited impact on Kraton Corp.'s business and results.
"Our plants have continued to operate at normal capacities, and our supply chain remains intact, with adequate availability of key raw materials," CEO Kevin Fogarty said in a statement issued March 30.
According to the company official, despite some disruptions caused by the coronavirus pandemic in global logistics channels, Kraton has not experienced significant delays in fulfilling customer orders.
The U.S. Department of Homeland Security listed chemical manufacturing sites as essential critical infrastructure, meaning they are not subject to closure.
In Europe, individual countries have also taken a similar approach to the U.S., Fogarty added.
In terms of demand, the company expects its geographic and end market diversification to help it maintain its competitive edge.
"We serve many customers, including those in medical, adhesive and food packaging industries, whose products remain vital in the current environment," added Fogarty.
For the first quarter of 2020, the company expects to report adjusted EBITDA exceeding the current consensus estimate of approximately $46 million.
Kraton expects to release full results for the first quarter on April 29.