KRATON ANNOUNCES DECISION TO EXIT DOVER SITE TO FOCUS ON CORE BUSINESS GROWTH
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THE WOODLANDS, Texas, May 7, 2025 ~ Kraton Corporation, a global leader in specialty polymers and biobased products derived from pine chemicals, has announced a strategic realignment of its operations to focus on core capabilities and drive long-term growth. The company will be exiting its manufacturing site in Dover, Ohio and transitioning away from the Dimer and Polyamides business lines.

According to Minco van Breevoort, President of Kraton Pine Chemicals, this decision is part of the company's clear strategy to concentrate on areas where they can have the greatest impact and generate the most value. By streamlining operations, Kraton will be able to direct investments towards core Pine Chemical assets and innovation. It is important to note that this decision will not affect the Crude Tall Oil refinery rates, ensuring a stable supply of Tall Oil Fatty Acid for customers.

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The company acknowledges the impact of this decision and is committed to ensuring a safe, respectful, and supportive transition for employees and the Dover community. The health, safety, and well-being of all stakeholders remain their top priorities. Kraton also expressed gratitude towards the Dover team for their dedication to safety and operational excellence over the years.

Despite these changes, Kraton remains a global player with operations across multiple continents and a diverse portfolio of solutions. This allows them to leverage their strong global footprint to quickly adapt to market shifts and meet customer needs. The company remains committed to operational excellence, providing world-class service, and delivering meaningful outcomes for all stakeholders.

For more information about Kraton Corporation, please visit their website at www.kraton.com.
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