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ARLANXEO increases prices for its Buna and X_Butyl products globally

May 07/2018

MOSCOW (MRC) -- ARLANXEO, one of the worlds leading suppliers of synthetic elastomers, has increased its prices for its Buna and X_Butyl products globally effective May 1, 2018, as per the company's press release.

The price increase is driven by the overall market situation.

ARLANXEO has contacted its customers individually regarding the price increases.

ARLANXEOs rubber  products distributed under the brand names Buna and X_Butyl are used in the tire industry and for several non-tire applications like medical and pharmaceutical, plastic modification, gum or technical rubber goods.

As MRC wrote before, ARLANXEO is expanding its global chloroprene rubber (CR) production at the site in Dormagen, Germany. The production capacity there will be increased to as much as 70,000 tons per year overall that will be available to the market already during the first quarter of 2019. ARLANXEO is investing an upper single-digit million in the expansion project overall.

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.


mrcplast.com
Author:Margaret Volkova
Tags:car components, natural rubber, synthetic rubbers, tyres, Arlanxeo (Lanxess), Saudi Aramco, Germany.
Category:General News
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