Kraton Polymers releases fourth quarter 2006 results

Kraton Polymers has announced its financial results for the quarter and year ended 31 December 2006. Total Revenues for the quarter were $245 million compared to $223 million in 2005—an increase of 10 percent. This improvement was driven by increased average prices and positive currency effects offsetting a one-percent decline in sales volumes. For the year, total revenues increased seven percent to $1.04 million.

"During the fourth quarter, we continued to experience raw material increases which put pressure on our margins. Despite this challenge, we are pleased with the progress we are making on our strategic initiatives. We continue to bring our customers exciting new innovations, make capacity available for their global growth, deliver the highest quality products, and drive down unit cost,” says George Gregory, president and dhief executive officer.