Lanxess raising EPDM elastomer prices in Asia
Cologne/Geleen/Shanghai – Lanxess’ Keltan Elastomers (KEL) business unit will implement a price increase for all of its Keltan EPDM grades of up to US$150 (€110) per tonne.
The company attributes the price rise, which only affects the Asian region, to rising costs, especially for raw materials.
EPDM is used in the automotive industry for door sealants, hoses, belts and anti-vibration parts. The product is also used in the plastics modification, cable and wire, construction and oil additives industries. Lanxess cites its properties as 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 €5.18 billion in fiscal 2012.