This is to announce that SEKISUI CHEMICAL CO., LTD. decided to increase our CPVC resin & compound price. As you are probably familiar with challenges we face, due to a tight balance between supply and demand in logistics all over the world arising out of COVID- 19 situation, the freight cost has been drastically increasing accordingly, the cost of additives is all time high with tight supply situation, last but not the least the cost of PVC resin, the main raw material of CPVC, is rising.
Thus, to ensure our stable supply, we would like to regretfully inform you that we are forced to increase the price as below. We kindly ask your understanding.
|
1.Grade |
CPVC Resin & Compound all grade |
|---|---|
|
2.Target Region |
All sales area (U.S., Japan, India, Nepal, etc…) |
|
3.Rivising ratio |
0.3 USD/kg |
|
4.Effective date |
January 1st, 2022 |
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.