TOKYO—Kuraray Co. Ltd is increasing the prices of isoprene chemicals derivative products for shipments starting July 1.
All products for domestic and export shipments will be subject to a price increase of 10 to 30 percent, Kuraray said.
The Japanese supplier said the price hike was due to increasing production, along with rising raw materials and logistics costs, which it said was impacting profitability.
Kuraray's isoprene derivatives portfolio covers chemical products using isoprene as a building block, including its isoprene-based liquid rubber and other pharmaceutical and agrochemical intermediates.
