ARLANXEO TO INCREASE PRICES
FOR ITS BAYPREN \(CR\) PRODUCTS
Dormagen / Maastricht – ARLANXEO raises its prices for Chloroprene rubber and Chloroprene adhesive grades (CR) in all regions as follows:
- In Asia effective as of January 1st, 2017 between 300 and 400 US$ per metric ton and effective as of February 1st, 2017 additionally up to 200 US$ per metric ton.
- In Europe, Middle East, Africa and Latin America effective as of February 1st 2017 up to 550 US$ per metric ton.
- ARLANXEO LLC increases the price up to 550 US$ per metric ton in North America effective as of February 15th, 2017.
The measure is the result of the overall market- and cost developments of the past months.
ARLANXEO distributes CR under the brand name Baypren. CR products are used in applications like cable sheathings, hoses, belts and air springs as well as adhesives.
ARLANXEO is a world-leading synthetic rubber company with sales of around EUR 2.8 billion in 2015, about 3,800 employees and a presence at 20 production sites in nine countries. The company’s core business is the development, manufacturing and marketing of high-performance rubber for use in, for example, the automotive and tire industries, the construction industry, and the oil and gas industries. ARLANXEO was established in April 2016 as a joint venture of LANXESS and Saudi Aramco.
This news release may contain forward-looking statements based on current assumptions and forecasts made by ARLANXEO 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.