Kuraray Trading Co. Ltd. announces its decision to increase the price of polyester filament yarn approximately 5%, or an average of ¥30 per kilogram, for Japan and export shipments commencing August 1, 2008.
The steep rise in crude oil and naphtha prices has resulted in increases in raw material and fuel costs that have nullified the effect of the previous price revision of January 7, 2008 as well as the scope of the Company's cost reduction efforts. Consequently, operating revenue remains in decline.
To maintain operability and a steady supply, and given the urgency to improve profitability, Kuraray Trading has decided to once again implement price revisions, as detailed below.
1.Scope of revision: Polyester filament, Japan and export shipments
2.Price increase: All brands to increase by approximately 5% (average ¥30/kg)
3.Effective date: Shipments from August 1, 2008
source: fibre2fashion.com
