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.
|All grades of Polyvinyl acetal resin products|
2. Target Region
|All countries (EMEA, NA, LA, SA,SEA, China etc…)|
3. Rivising ratio
4. Effective date
|June 1st, 2021|
About SEKISUI CHEMICAL Group
Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 27,000 employees in over 200 companies throughout 21 countries aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.
SEKISUI CHEMICAL CO., LTD.
Public Relations Department
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.