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Bayer MaterialScience raises prices for hydroxyacrylates and polyesters

Published on 2007-03-19. Author : SpecialChem

Leverkusen -- In the region Europe, Middle East, Africa (EMEA) Bayer MaterialScience AG is raising the selling prices for hydroxyacrylates and also saturated and unsaturated polyesters by an average of EUR 0.13/kg effective April 1, 2007. The persistently high cost level for raw materials and energy cannot be offset by internal measures to increase efficiency alone. With this measure, the company wants to safeguard sufficient production capacities for the market and the supply of product with the quality the market demands.

Should the situation in the global markets for raw materials continue to deteriorate, Bayer MaterialScience reserves the right to make further timely adjustments to its selling prices in response to rising costs.

This does not affect contractual obligations in existence as of the date of this news release. Bayer MaterialScience is one of the world's leading suppliers of resins for paints, coatings, synthetic resin putties, elastomers and foams.

About Bayer MaterialScience:

With 2006 sales of 10.161 billion euros (excluding H.C. Starck and Wolff Walsrode), Bayer MaterialScience AG 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 around the globe and employed approximately 14,900 people. Bayer MaterialScience is a Bayer Group company.

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 filed 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


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