31 Aug 2007 - Bayer MaterialScience AG raises the prices for hydroxyacrylates, unsaturated polyester resins and alkyd resins in the region EMEA (Europe, Middle East and Africa) by an average of EUR 0,15/kg effective September 15, 2007.
According to the company, the price rise safeguards the availability of necessary production capacity and logistics. Persistently high costs for raw materials and energy as well as continuously high expenses to fulfill the necessary safety standards and regulatory requirements cannot be offset by internal measures to increase efficiency alone. This does not affect contractual obligations in existence as of the date of this news release.
According to the company, the price rise safeguards the availability of necessary production capacity and logistics. Persistently high costs for raw materials and energy as well as continuously high expenses to fulfill the necessary safety standards and regulatory requirements cannot be offset by internal measures to increase efficiency alone. This does not affect contractual obligations in existence as of the date of this news release.
