Bayer MaterialScience raises prices for polyurethane systems in the automotive sector
Effective January 1, 2008, Bayer MaterialScience is raising its sales prices for polyurethane systems for use in the automotive sector in the Europe, Middle East and Africa (EMEA) region by EUR 0.15 per kilogram. Irrespective of this, prices for all Bayfill® systems for use in instrument panels are to be raised by EUR 0.40 per kilogram, because these systems are highly development-intensive and require special technical support. Due to a steep rise in the price of a key raw material, prices for all Bayflex® 180/190 systems for automotive bodywork components are to be increased by EUR 0.25 per kilogram. 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 sports and leisure industries. Bayer MaterialScience has 30 production sites around the globe and employed approximately 14,900 people at the end of 2006. Bayer MaterialScience is a Bayer Group company.
For more information visit www.bayermaterialscience.com.
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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.
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