Throughout 2007, Kraton Polymers experienced unprecedented cost increases associated with energy, raw materials, packaging, and logistics costs.
Unfortunately, this trend has continued in the first quarter of 2008. Both crude oil and butadiene monomer are moving to new record price levels, while styrene monomer and other energy related costs are continuing to increase as well.
As a result of these economic realities, effective April 1, 2008, we are implementing a general price increase of 150 Euros/ton on SBS based polymers and compounds in the European Paving and Roofing market.
We appreciate our customers' continued business and understanding as Kraton navigates through these economic challenges. We continue to focus on innovation and providing polymer solutions and value-added services that enable our customers to differentiate and succeed in their markets.
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