Bayer MaterialScience raises prices for hydroxyacrylates, unsaturated polyester and alkyd resins

Bayer MaterialScience AG raises the prices for hydroxyacrylates, unsaturated polyester resins and alkyd resins in the region EMEA (Europe, Middle East and Africa) by an average of EUR 0,15/kg effective September 15, 2007.

The company wants to make these products continuously available to the customers in adequate volume and quality. The price rise safeguards the availability of necessary production capacity and logistics. Persistently high costs for raw materials and energy as well as continuously high expenses to fulfill the necessary safety standards and regulatory requirements cannot be offset by internal measures to increase efficiency alone. This does not affect contractual obligations in existence as of the date of this news release.

Bayer MaterialScience AG is one of the worlds leading suppliers of resins for paints, coatings, synthetic resin putties and other areas.

About Bayer MaterialScience
With 2006 sales of 10.2 billion euros (continuing operations), Bayer MaterialScience is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2006, Bayer MaterialScience had 30 production sites and employed approximately 14,900 people around the globe. Bayer MaterialScience is a Bayer Group company.

Source : Bayer MaterialScience

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Bayer MaterialScience raises prices for hydroxyacrylates, unsaturated polyester and alkyd resins

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