ZEON Corporation has announced that its selling prices for synthetic latex will be raised as listed below.
March 29, 2004
1. Effective date
The price rise will come into effect for the April 21, 2004 product shipment.
2. Price increase by the product type
SB latex: 21 yen/kg(dry)
NBR latex: 21 yen/kg(dry)
VP latex: 15 yen/kg(dry)
Acrylate latex: 24 yen/kg(dry)
3. Reason for the price increase
Product profitability has continued to suffer due to price hikes of crude oil, naphtha, butadiene, styrene monomers, and acrylonitrile despite our continuing efforts to reduce manufacturing costs.