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COVID-19 Updates

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March 30, 2020

KRATON CORPORATION PROVIDES STATUS UPDATE RELATED TO COVID-19 OUTBREAK


HOUSTON, March 30, 2020 /PRNewswire/ -- Kraton Corporation (NYSE: KRA) ("Kraton" or the "Company"), a leading global sustainable producer of  specialty polymers and high-value biobased products derived from pine wood pulping co-products today provided a status update  related to the COVID-19 pandemic impact on the Company.

As a global company, Kraton continues to monitor the progression of the COVID-19 pandemic on a daily, if not hourly basis.  The safety and well-being of our employees, stakeholders, and the communities in which we operate remain our primary concern.  While our essential plant and laboratory personnel remain on-site, many of our employees around the world are working remotely.  We are continuing to follow the orders and guidance of Federal, regional and local governmental agencies, as we maintain our own stringent protocols in an effort to mitigate the spread of the virus and protect the health of our employees, customers and suppliers as well as the communities in which we operate. 

 

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March 26, 2020

Kraton continues to monitor the rapid escalation of COVID-19 cases globally.  The safety and ­well-being of our employees, customers, and the communities in which we operate remain our primary concern, and we are continuing to monitor developments on a daily, if not hourly, basis. 


Under the U.S. Department of Homeland Security (DHS) guidance issued on March 19, chemical manufacturing is considered essential critical infrastructure, and Kraton's U.S. plants and laboratory facilities are currently operational. Europe issues critical infrastructure orders on a country-by-country basis, with a similar approach to the US DHS guidance, and those sites are also functional.  We have received assurances from a number of our customers and vendors whose operations are critical to the defense of COVID-19, and/or support the basic needs for packaging and delivery in essential industries, stressing that they form a vital part of the supply chain and continue to operate.  As a result, we continue to be able to source the materials we need to produce and ship our products.


Kraton has implemented a global work from home policy that covers all non-essential employees globally. Our manufacturing facilities have deployed necessary protocols, including visitor restrictions, social distancing, rotating schedules, and enhanced cleaning initiatives ensuring we provide safe environments for our employees, and that we operate in the safest manner possible as we strive to continue to serve our customers.  Employee safety is our number one core value, especially during this unprecedented situation.


We will continue to follow the guidance of regional and local governmental agencies, as we maintain our stringent protocols to mitigate the spread of the virus and protect the health of our employees and local communities.