Industry News

Bayer MaterialScience Increases Prices for HDI and HDI-based Aliphatic Isocyanates

Published on 2005-11-17. Author : SpecialChem

LEVERKUSEN -- Bayer MaterialScience AG is increasing the selling prices for hexamethylene diisocyanate (HDI) and HDI-based aliphatic isocyanates by 10 to 12 percent, effective December 1, 2005. Despite comprehensive cost-cutting measures, it is no longer possible to absorb the significant increases in costs for logistics, energy and key raw materials such as butadiene, propylene and solvents. All current contractual obligations will be fulfilled.

Bayer MaterialScience AG is a worldwide leading supplier of these products, which are used as raw materials for high-quality paints and coatings as well as for applications in other fields.

Forward-looking statements

This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group 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. These factors include those discussed in our public reports file with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Source: Bayer MaterialScience AG

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