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Bayer MaterialScience raises prices of aromatic polyisocyanates

Published on 2007-04-17. Author : SpecialChem

Leverkusen -- Effective, April 1st, Bayer MaterialScience AG raises the selling prices for the aromatic polyisocyanates Desmodur® L and Desmodur® IL in the EMEA region (Europe, Middle East and Africa) by at least 15 percent. The price increase is necessary due to sustained unsatisfactory profitability of these products. All contractual obligations in force at the time of this release remain unaffected.

About Bayer MaterialScience:

With 2006 sales of 10.2 billion euros (continuing operations), Bayer MaterialScience AG 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 2006, Bayer MaterialScience had 30 production sites and employed approximately 14,900 people around the globe. Bayer MaterialScience is a Bayer Group company.

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group 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. These factors include those discussed in our public reports filed with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Source: Bayer MaterialScience AG

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