Industry News

Bayer MaterialScience raises prices for polyurethane raw materials

Published on 2007-12-12. Author : SpecialChem

Leverkusen -- Effective January 1, 2008, Bayer MaterialScience is raising its sales prices for several polyurethane raw materials in the Europe, Middle East and Africa (EMEA) region. Prices for polyether polyols will rise by EUR 0.10 per kilogram. The price of toluene diisocyanate (TDI) will increase by EUR 0.20 per kilogram. The reason for this price rise is the continuing tight supply and demand situation for these polyurethane raw materials and their precursors. Contractual obligations in existence at the time when the price increases come into effect are not affected.

About Bayer MaterialScience:

With 2006 sales of EUR 10.2 billion (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.

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 annual and interim reports to the Frankfurt Stock Exchange and in our reports filed 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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