MOSCOW (MRC) -- ARLANXEO, Lanxess and Saudi Aramco's joint venture, raises its prices for Chloroprene rubber and Chloroprene adhesive grades (CR) globally, as per the company's press release.
In Europe, Middle East, Africa, Latin America and Asia the price adjustment per metric ton for CR is up to EUR700 and will be effective no later than March 1, 2017.
In North America ARLANXEO USA LLC is going to increase prices from March 22, 2017 up to USD770 per metric ton for CR products.
The measure is the result of the overall market- and cost developments of the past months.
ARLANXEO distributes CR under the brand name Baypren. CR products are used in applications like cable sheathings, hoses, belts and air springs as well as adhesives.
As MRC wrote previously, ARLANXEO raised its February prices for ethylene propylene diene rubber grades (EPDM) as follows:
- in Europe, Middle East and Africa effective as of February 1st, 2017 up to EUR125 per metric ton;
- in Latin America effective as of February 13th, 2017 up to USD150 per metric ton;
- in China effective as of February 15th, 2017 up to USD150 per metric ton.
The measure was also the result of the overall market- and cost developments of the past months.
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.
MRC