Denka raises chloroprene prices

Denka has decided to implement price adjustments for its "Denka Chloroprene" brand chloroprene rubber in light of increased production and transportation costs.
The price increase will be more than $500 per metric ton, depending on the destination, effective September 2, 2024. This strategic move is intended to align the company's pricing structure with current market conditions and offset the impact of rising costs on its operations. Denka's actions reflect a broader trend of businesses adapting to financial pressures through price adjustments to maintain operational stability and profitability in a challenging economic environment.

"We continue to face difficulties with rising production and transportation costs. Although we are doing our best to minimize costs, our efforts alone cannot absorb all of the cost increases. Therefore, we have decided to increase our selling prices to maintain a stable supply and business continuity. We are very grateful for your continued support and understanding of the price adjustment."

Denka is a Tokyo-based global chemical company with a corporate motto of "Chemistry of Possibilities" and a strong focus on innovation and sustainability. Founded in 1915, the company has a long history of developing and manufacturing a wide range of chemical products, including inorganic and organic chemicals, electronic materials and pharmaceuticals. Denka's core strength lies in its ability to use its unique concepts and technical capabilities to create innovative solutions that contribute to social progress, focusing on the research and development of new products and processes to meet pressing global challenges such as climate change, resource scarcity and healthcare needs.