West, ExxonMobil sign 5-year global butyl rubber deal

Lionville, Pennsylvania - West Pharmaceutical Services will buy at least 80 percent of its butyl rubber requirements from ExxonMobil Chemical between now and 2010, according to a deal signed by the two companies.

West announced the long-term contract in a statement to the Stock Exchange Commision in New York. The agreement allows for a discount to ExxonMobil's list prices and also allows renegotiation of prices based on changes in the costs of energy and changes in pricing and volumes if ExxonMobil's prices become "no longer competitive".

The agreement runs from the beginning of 2006 until the end of 2010.

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Download announcement from West (80k PDF file)