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 April 1, 2014. The price adjustment for EPDM is USD 150 per metric ton.
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 EUR 4.49 billion in fiscal 2013.
LANXESS is a leading specialty chemicals company with sales of EUR 8.3 billion in 2013 and 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. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI World and DJSI Europe) and FTSE4Good as well as CDP’s Climate Disclosure Leadership Index (CDLI).
Source: Eurasian Chemical Market
Published: 24 Mar 2014
Published: 17 Mar 2014