SEKISUI CHEMICAL CO., LTD. has announced a price increase for all grades of CPVC resins and compounds. The company cited escalating costs driven by the ongoing Iran conflict, rising raw material prices, freight charges, and other associated expenses as the primary reasons for the adjustment. The company emphasized that these factors have significantly strained their ability to manage costs independently.
In a statement, SEKISUI CHEMICAL noted: "Therefore, we regret to inform you that it is necessary to implement a price increase to ensure a sustainable supply as below. In addition, we may have to ask further price revisions in accordance with how the global situation proceeds. We would like to thank you in advance for your understanding in regard to this matter."
Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries form the SEKISUI CHEMICAL Group. The group employs 26,000 people across more than 155 companies in 20 countries and regions. The company is dedicated to improving global living standards and environmental sustainability. Through decades of innovation and a pioneering spirit, SEKISUI CHEMICAL has secured leading positions across its three business divisions, with top global market shares in interlayer film, foam products, and conductive particles.
