LANXESS: Price Increase for EPDM Rubber
Cologne/Geleen – The Keltan Elastomers (KEL) business unit of specialty chemicals group LANXESS will raise its prices for all of its Keltan EPDM grades (Ethylene Propylene Diene Monomer) in Europe, Middle East and Africa, effective February 1, 2014. The price adjustment for EPDM is EUR 125 per metric ton.
EPDM, which is offered under the brand name Keltan, is used in the automotive industry as door sealants, hoses, belts or anti-vibration parts. The product is also used in plastic modification, wire and cable, construction and oil additives. Its properties include very low density,good resistance to heat, oxidation, chemicals and weathering as well as good electrical insulation.The Keltan elastomers business unit is part of LANXESS’ Performance Polymers segment, which recorded sales of EUR 5.18 billion in fiscal 2012.
LANXESS is a leading specialty chemicals company with sales of EUR 9.1 billion in 2012 and roughly 17,500 employees in 31 countries. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good as well as the Carbon Disclosure Leadership Index (CDLI).
This news release may contain 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.
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