The prices of polyvinyl chloride resin, polyethylene resin, steel pipes, and other materials, which are the main raw materials of pipes, fittings, and other products manufactured and sold by SEKISUI CHEMICAL CO., LTD., are rising due to various reasons. The reasons include rising prices of petroleum, naphtha, and iron ores; increase in labor and logistics costs; and price differences with overseas markets.
Although we have earnestly pursued cost reduction and optimization, we have reached the limit of what we can achieve on our own. We have therefore decided to revise sale prices as below.
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1. Effective date |
Shipment from May 21, 2021 |
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2. Target products and range of increase |
Polyvinyl chloride-related products ・All PVC pipes: 15% or more ・PVC fittings and water chambers: 10% or more ・Other related products: 10% or more Polyethylene-related products ・Polyethylene pipes, fittings, and related products: 15% or more PVC lining steel pipes ・PVC lining steel water pipes (LP-VA/VB): 15% or more ・PVC lining steel drainage pipes (DVLP): 8% or more ・PVC lining steel hot water supply pipes (HTLP/WHTLP): 5% or more |
About SEKISUI CHEMICAL Group
Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 27,000 employees in over 200 companies throughout 21 countries aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.
Press Contact
SEKISUI CHEMICAL CO., LTD.
Public Relations Department
Email: kouhou@sekisui.com
Fax: +81-(0)3-6748-6547
Disclaimer
This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.