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Bayer MaterialScience raises prices for coating and adhesive raw materials

Published on 2008-09-18. Author : SpecialChem

Leverkusen -- Effective October 1, 2008, Bayer MaterialScience is raising its sales prices for coating and adhesive raw materials in the Europe, Middle East and Africa (EMEA) region by up to 13 percent. This affects the entire range of aliphatic and aromatic monomeric and polymeric isocyanates and prepolymers and some coating resin products and dispersions. Continuously rising costs for raw materials, utilities and resources are making these price rises necessary. All contractual obligations in force at the time of this release remain unaffected.

About Bayer MaterialScience:

With 2007 sales of EUR 10.4 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2007, Bayer MaterialScience had 30 production sites and employed approximately 15,400 people around the globe. Bayer MaterialScience is a Bayer Group company.

Forward-Looking Statements

This news release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Source: Bayer MaterialScience


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