Price Revisions for “KURALON“ and “KURALON K-II“

 Kuraray announces its decision to increase the prices of “KURALON”, a polyvinyl alcohol (PVA) fiber, and “KURALON K-II“ for shipments commencing January 1, 2021.Range of Price is Increase Up 10% to 20% from the current prices

 Costs arising from the manufacture of these offerings have been increasing due primarily to a surge in logistics costs that reflects the current shortage of human resources and containers as well as growing expenses for facility maintenance and upgrading. This increase in costs is in excess of the effects of the Company’s cost-reduction endeavors to date. Moreover, this trend is expected to continue going forward.

 Under these circumstances, Kuraray has decided to implement the price revisions set out below to improve profitability and to maintain a steady supply.