MOSCOW (MRC) -- ARLANXEO raises its prices for Ethylene propylene diene rubber grades (EPDM) globally, as per the company's press release.
In Europe, Middle East and Africa the price adjustment will be up to 125 EUR per metric ton and effective as of January 15th, 2018.
In Latin America and APAC (excl. Greater China) will be up to 150 USD per metric ton and effective as of January 15th, 2018.
In Greater China ARLANXEO has contacted its customers individually regarding a price increase in December.
ARLANXEO distributes EPDM rubber under the brand name Keltan. EPDM products are used in applications like automotive, building and construction, plastics modification, consumer goods, cable and 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. As MRC wrote before, in September 2015, Lanxess was in talks to put its main synthetic rubber business into a joint venture with petrochemicals group Ineos. Lanxess also held talks with Saudi Arabian Oil Company (Saudi Aramco) and Russia's NKNK and Sibur.
MRC