LANXESS Increases Prices for Technical Rubber Grades
Dec 26, 2006
LEVERKUSEN -- To compensate for rises in raw material and energy costs, which cannot be fully absorbed by efficiency programs, LANXESS's Technical Rubber Products (TRP) business unit is to increase its prices worldwide for nitrile rubber (NBR), chloroprene rubber (CR), ethylene-propylene-diene rubber (EPDM) and styrene-butadiene rubber (E-SBR) effective January 1, 2007. The increases will be between EUR 50 and 400 per metric ton or between USD 65 and 500 per metric ton respectively.
LANXESS will increase its quotations for NBR by up to EUR 400 (USD 500) per metric ton. The reason for this particularly high rise is the unsatisfactory profitability level of the NBR product group. In spite of extensive restructuring and cost-cutting programs at the La Wantzenau (France) and Sarnia (Canada) sites, profitability still needs to be boosted significantly.
LANXESS's technical rubber products are used above all in the automotive, mechanical engineering, construction, electrical and footwear industries. The Technical Rubber Products business unit belongs to the Performance Rubber segment, which achieved total sales in fiscal 2005 of EUR 1,678 million.
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.
