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Increased prices for EPDM

Published on 2009-07-27. Author : SpecialChem

Leverkusen -- The Technical Rubber Products (TRP) business unit of specialty chemicals group LANXESS AG is to increase its prices for ethylene propylene diene rubber (EPDM) globally effective August 1, 2009. Dependent on regions and rubber grades the price adjustment per metric ton will comprise up to EUR 150 / USD 250. This adjustment is unavoidable because the costs for raw materials have risen significantly since beginning of the year.

Marketed under the brand name Buna EP, EPDM is used for a broad range of applications. This versatile rubber material is proper for the production of hoses, gaskets, sealings, floor coverings, cable sheathings and many other applications.

LANXESS is a leading specialty chemicals company with sales of EUR 6.58 billion in 2008 and currently around 14,600 employees in 23 countries. The company is represented at 44 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG 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: LANXESS


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