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Ube Industries to Revise Price of Diol Products

October 10, 2012

TOKYO, October 10, 2012_ Ube Industries, Ltd., announced today that it will implement a price increase for diol products (1,6-hexanediol and 1,5-pentanediol) in Japan and other parts of Asia, effective for shipments in October 2012 and beyond. Ube Industries will commence negotiations with customers regarding the price increase as below condition.

Minimum Price Increase for Diol Products

1,6-Hexanediol Customers in Japan Min. 10%
  Customers in other parts of Asia Min. 10%
1,5-pentanediol Customers in Japan Min. 10%
  Customers in other parts of Asia Min. 10%

Effective Date of Price Changes

Shipments in October 2012 and beyond

1,6-hexanediol is a core product that Ube Industries offers in the fine chemical segment. The properties of the product make it suitable for use in producing high-quality, high-performance polyesters, polyurethane resins, and adhesives. Demand for 1,6-hexanediol has grown in recent years for use in ultraviolet (UV) curable coating materials that are notable for their low environmental impact.

Global demand for 1,6-hexanediol has been growing by 5–8% annually, with markets in China and other Asian countries recording high rates of growth exceeding 10% annually.

Ube Industries is the only Japanese manufacturer of 1,6-hexanediol, with a total annual production capacity of 20,000 tonnes from three production bases in Ube City (Yamaguchi Prefecture), Sakai City (Osaka Prefecture), and Spain, in addition to the new plant in Thailand, which commenced production in June 2011 with an annual capacity of 6,000 tonnes.

Contact

For inquiries please contact
  • Ube Industries, Ltd.
  • Investor Relations & Public Relations Department
  • Corporate Planning & Administration Office
  • Seavans North Building, 1-2-1 Shibaura, Minato-ku, Tokyo 105-8449
  • Phone : +81-3-5419-6110
  • Contact us by Internet.