MOSCOW (MRC) -- Arlanxeo, Lanxess and Saudi Aramco's joint venture, has raised its prices for ethylene propylene diene rubber grades (EPDM), as per the company's press release.
In Europe, Middle East and Africa effective as of March 16th, 2017, the price adjustment was up to EUR150 per metric ton; in Latin America effective as of April 1st, 2017 - up to USD150 per metric ton; in NAFTA effective as of April 1st, 2017 - up to USD150 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.
As MRC wrote before, Arlanxeo has recently raised its prices for Chloroprene rubber and Chloroprene adhesive grades (CR) globally as follows: in Europe, Middle East, Africa, Latin America and Asia the price adjustment per metric ton for CR was up to EUR700 and was effective no later than March 1, 2017; in North America Arlanxeo USA LLC was going to increase prices from March 22, 2017 up to USD770 per metric ton for CR products.
Arlanxeo was established in April 2016 as a joint venture of Lanxess - a world-leading specialty chemicals company based in Cologne, Germany - and Saudi Aramco - a major global energy and chemicals enterprise headquartered in Dhahran, Saudi Arabia. The two partners each hold a 50-percent interest in the joint venture. The business operations of ARLANXEO are assigned to the High Performance Elastomers and Tire & Specialty Rubbers business units.
MRC