Tokyo, Mar 16, 2012 - (JCN Newswire) - Showa Denko K.K. (SDK) has decided to increase its chloroprene rubber price in markets outside Japan as from shipments on April 1, 2012.
Specifically, the price will be increased by US$500/m.t. or more for US-dollar-based transactions, or by EU380/m.t. or more for euro-based transactions.
At present, SDK's chloroprene rubber price does not fully reflect the increases in raw material costs. Thus, SDK has concluded that it has no alternative but to ask its customers to bear the cost increase in order to ensure the stable supply of chloroprene rubber and the continuation of its business.
About Showa Denko
Showa Denko K.K. ('SDK'; TSE: 4004, US: SHWDF) is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. SDK makes petrochemicals (ethylene, propylene), aluminum products (ingots, rods), electronic equipment (hard disks for computers) and inorganic materials (ceramics, carbons). The company has overseas operations and a joint venture with Netherlands-based Montell and Nippon Petrochemicals to make and market polypropylenes. In March 2001, SDK merged with Showa Denko Aluminum Corporation to strengthen the high-value-added fabricated aluminum products operations, and is today developing next-generation optical communications-use wafers. For more information, please visit www.sdk.co.jp .
Contact:
Showa Denko K.K. (SDK)
IR & PR Office
Tel: +81-3-5470-3235
Mar 16, 2012
Source: Showa Denko
Showa Denko (TSE: 4004) (U.S: SHWDF)
From the Japan Corporate News Network
http://www.japancorp.net
Topic: Production report
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