MOSCOW (MRC) -- 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, reported the company on its site.
The price adjustment for EPDM is EUR125 per tonne.
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.
As MRC informed previously, in November 2013, Lanxess KEL business unit implemented a price increase for all of its Keltan EPDM grades of up to USD150/tonne. The price rise, which only affected the Asian region, was due to rising costs, especially for raw materials.
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. The company is currently represented at 50 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. The Butyl Rubber business unit is part of Lanxess’ Performance Polymers segment, which recorded sales of EUR 5.2 billion in 2012.
MRC