Lanxess increases EPDM rubber prices
ERJ staff report (TP)
Cologne, Germany / Geleen, Netherlands – The Keltan Elastomers business unit of specialty chemicals group Lanxess will globally raise its prices for all of its Keltan EPDM grades (Ethylene Propylene Diene Monomer), effective 1 April. The price adjustment for EPDM is $150 (€108.94) per tonne.
EPDM, which is offered under the brand name Keltan, is used in the automotive industry for the manufacture of door sealants, hoses, belts or anti-vibration parts. The product is also used in plastic modification, wire and cable, construction and oil additives. Its properties include very low density, good resistance to heat, oxidation, chemicals and weathering as well as good electrical insulation properties.
The Keltan elastomers business unit is part of Lanxess’ Performance Polymers segment, which recorded sales of €4.49bn in fiscal 2013.
Lanxess reported sales of €8.3bn in 2013 and has roughly 17,300 employees in 31 countries. The company is currently represented at 52 production sites worldwide. The core business of Lanxess is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
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Press release from Lanxess