Resonac Holdings Corporation reached an agreement with customers on price revisions ahead of its capacity expansion investment. It continues to maintain high margins, particularly for components used in semiconductor materials.
Resonac Holdings Corporation is seeking to transform itself from an integrated chemicals company into an advanced materials company, reshaping its business portfolio around growth investment. This article describes customers' acceptance of price increases ahead of the investment as an unusual pricing agreement.
The capacity expansion investment release published in July stated that customers had accepted price revisions before the investment, indicating that price revisions were implemented against a backdrop of demand for semiconductor materials.
Resonac is strengthening the earnings power of its business through focused investment in the semiconductor materials sector. Price revisions for key materials, including HDD components, have continued to be agreed as transaction terms.