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EVAL™ global price increase

20 April 2021

Melsele, 20 April, 2021 - Kuraray announces the decision to increase the prices of its EVOH products globally (ethylene vinyl alcohol copolymer; Kuraray trademark: EVAL) for shipments commencing May 1, 2021.
This price increase is in response to the extraordinary impact of winter storm Uri and the need to help partially offset extremes in energy and raw material escalations that have followed. Kuraray will seek to recover these amplified costs through the combination of this price increase and temporary surcharges.

Kuraray will continue to optimize productivity and pursue all reasonable means to mitigate and control costs to support the EVAL™ product line.

Customers will be contacted and provided specific price details from their account managers directly. Kuraray sincerely appreciates the patience, flexibility and support to work through this difficult situation together. If you have any questions about this announcement, please do not hesitate to contact your sales representative.

About Kuraray

Founded in 1926, Kuraray Co., Ltd is a world leader in specialty chemicals, polymers, fibers and textiles. Headquartered in Tokyo, Japan, Kuraray has over 10,000 employees worldwide.

Kuraray has been manufacturing and marketing ethylene vinyl-alcohol copolymers (EVOH) under the name EVAL™ since 1972, and remains the world leader in EVOH production and market development. EVAL™ EVOH is one of Kuraray's core businesses and is produced globally in Europe, America and Asia-Pacific. The sales and technical development of EVAL™ EVOH is supported by specialized local teams in each region.

In Europe Kuraray operates the region's largest EVOH production site, with a capacity of 35,000 tons per year in Zwijndrecht (Antwerp), Belgium.