Denka Company Limited to Increase Chloroprene Prices

Denka Company Limited has announced a substantial price increase for its chloroprene rubber, marketed under the brand name "Denka Chloroprene," effective September 2nd, 2024. This decision comes in response to escalating costs in both production and transportation. The increase is necessitated by the higher expenses Denka faces in the manufacturing process and logistics, which have been driven up by various factors including raw material price hikes and increased operational costs. As a result, Denka is adjusting the price to ensure that the financial pressures of these cost increases are adequately managed.

The revised pricing will see an increase of over USD 500 or EUR 460 per metric ton of Denka Chloroprene. The precise adjustment will vary based on the destination of the product. This strategic move is designed to align the company's pricing structure with the current market conditions and to offset the impact of rising costs on its operations. Denka’s action reflects a broader trend of businesses adapting to financial pressures through pricing adjustments to maintain operational stability and profitability in a challenging economic environment.

The company is currently facing significant challenges due to rising production and transportation costs. Despite their best efforts to manage these increases, absorbing the full impact of these costs has proven unsustainable. As a result, the company has decided to implement a price adjustment to ensure the stability of their supply chain and maintain business continuity. This decision, though necessary, aims to support the ongoing reliability of their services. The company appreciates the continued support and understanding of its stakeholders during this necessary price revision and values their cooperation throughout this transition.

Denka is a global chemical company headquartered in Tokyo with a strong focus on innovation and sustainable development. Established in 1915, the company has a rich history of developing and manufacturing a diverse range of chemical products, including inorganic and organic chemicals, electronic materials, and pharmaceuticals.

Denka's core strength lies in its ability to leverage its unique concepts and technological capabilities to create innovative solutions that contribute to societal progress. The company's research and development efforts are focused on developing new products and processes that address pressing global challenges, such as climate change, resource scarcity, and healthcare needs.

Guided by its corporate slogan, "Possibility of chemistry," Denka is committed to driving positive change through its business operations. The company's sustainability initiatives include reducing its environmental footprint, promoting responsible sourcing, and investing in renewable energy. Denka also actively engages with local communities to support social and economic development.