MOSCOW (MRC) -- Arlanxeo, Lanxess and Saudi Aramco's joint venture, has raised its prices for Therban products globally, as per the company's press release.
In Europe, Middle East, Africa, Latin America and Asia the price increase per metric ton for Therban is EUR600, respectively USD650 and was effective as of April 1, 2017.
In North America Arlanxeo USA LLC is going to increase prices from May 1, 2017 by USD650 per metric ton for HNBR products.
The adjustment is necessary to secure a stable and reliable supply of our HNBR products.
ARLANXEO distributes HNBR (Hydrogenated Nitrile Butadiene Rubber) under the brand name Therban. Therban products are used in applications like belts, hoses, seals, as well as pump stators.
As MRC informed before, Arlanxeo raised its prices for ethylene propylene diene rubber grades (EPDM) 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.
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