This is to announce that SEKISUI CHEMICAL CO., LTD. decided to increase the price of Polyvinyl acetal resin products. As you may be familiar with challenges we face that the global supply-demand balance of major raw materials has become tight and prices are rising due to the recent recovery of global demands. Also the freight costs have been drastically increasing accordingly due to a tight balance between supply and demand in logistics all over the world arising out of COVID- 19 situation.
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.
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1.Grade |
All grades of Polyvinyl acetal resin products |
|---|---|
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2.Target Region |
All countries (EMEA, NA, LA, SA,SEA, China etc…) |
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3.Rivising ratio |
30% |
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4.Effective date |
February 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.