Notice regarding price revisions of industrial film products
Toyobo Co., Ltd. is announcing the price revisions of its industrial film products as follows.
1. Background
The prices of raw materials for industrial film products have surged further due mainly to the recent rising prices of crude oil and naphtha. In addition, the costs of fuel, electricity, distribution and facility maintenance have risen, pushing manufacturing costs higher.
Under these circumstances, Toyobo has made the utmost efforts to thoroughly cut costs and improve productivity, but the repeated price hikes in the raw materials and overhead costs are beyond what corporate efforts can deal with. Toyobo determined that it would be difficult to stably supply products to its clients under the current pricing system and that it would inevitably have to raise prices.
2. Products subject to price revisions and their ranges
| All brands of industrial film products: | 10% increase from the current prices |
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3. Timing of price revision
Products to be shipped from March 1, 2022
For more information, contact
Public Relations Group, Corporate Communication Department, Toyobo Co., Ltd.
MAILpr_g@toyobo.jp
Cautionary Statement
This website contains forward-looking statements that reflect Toyobo's plans and expectations. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Toyobo's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.