Kraton Corporation announced a significant investment in its Alpha Methyl Styrene Resins facility in Niort, France. Kraton expects the investment will result in a 15% production increase at the Niort manufacturing facility by 2023. In addition to the capacity increase, Kraton anticipates the investment will lead to a 70% reduction in solvent consumption, creating a favorable impact on the product life cycle by the end of 2022.

Kraton's AMS Resins, also known as Pure Monomer Resins, are sold in high-end applications such as Tread Enhancement Additives for premium tires and as high-performance tackifying resins in fast-growing adhesive markets. Kraton's SYLVATRAXX™ Tread Enhancement Additives improve the overall performance of tire treads in terms of wet grip, low rolling resistance, and durability, thus enabling safer driving, better fuel efficiency and range. Due to increasingly stringent car emission standards across the globe, these high-performance additives have seen substantial demand growth.

In recent years, Kraton has made significant investments in AMS Resins at the manufacturing facility in Niort, resulting in added operational capacity and improved asset reliability. As customer demand increases, the new growth project focuses on advancing production efficiencies while improving the site's environmental footprint.