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Related Party Transactions
9 Months Ended
Sep. 30, 2013
Related Party Transactions

13. Related Party Transactions

We own a 50% equity investment in a SBC manufacturing joint venture with JSR Corporation (“JSR”) under the name of Kraton JSR Elastomers K.K. (“KJE”) located in Kashima, Japan. We and JSR separately, but with equal rights, participate in distributions in the sales of the thermoplastic rubber produced by KJE.

The aggregate amounts of related-party transactions were as follows:

 

 

Three months ended
September 30,

 

  

Nine months ended
September 30,

 

 

2013

 

  

2012

 

  

2013

 

  

2012

 

 

(in thousands)

 

  

(in thousands)

 

Purchases from related party             

$

  15,215

  

  

$

  8,518

  

  

$

  37,940

  

  

$

  39,188

  

Our due to related party is solely related to our commercial arrangement associated with KJE, which requires payment by each party within 150 days of invoice.