Industry News

Bayer MaterialScience raises prices for polyurethane raw materials

Published on 2010-05-19. Author : SpecialChem

Leverkusen -- Bayer MaterialScience AG is raising the selling prices for the product groups diphenylmethane diisocyanate (MDI), toluene diisocyanate (TDI) and polyether (PET) worldwide by EUR 0.25/kg effective June 1, 2010.

Raw material and energy costs for these product groups have increased considerably. To ensure continued reliability of supply and an efficient service for its customers, and to further develop the product range to meet future requirements, Bayer MaterialScience is compelled to pass on a proportion of these increased costs in the form of price rises.

Current contractual agreements will be fulfilled.

About Bayer MaterialScience:

With 2009 sales of EUR 7.5 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 2009, Bayer MaterialScience had 30 production sites and employed approximately 14,300 people around the globe. Bayer MaterialScience is a Bayer Group company.

Forward-Looking Statements

This 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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