ARLANXEO PRICES FOR KELTAN PRODUCTS
TO INCREASE PRICES FOR ITS KELTA\(EPDM\)PRODUCTS
ARLANXEO raises its prices for Ethylene propylene diene rubber grades (EPDM) as follows:
- In Europe, Middle East and Africa effective as of February 1st, 2017 up to 125 euro per metric ton.
- In Latin America effective as of February 13th, 2017 up to 150 US$ per metric ton.
- In China effective as of February 15th, 2017 up to 150 US$ per metric ton.
The measure is the result of the overall market- and cost developments of the past months.
ARLANXEO distributes EPDM under the brand name Keltan.
EPDM products are used in applications like automotive, building & construction, plastics modification, consumer goods, cable & wire, and tubes.
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.