Leverkusen –
Effective June 1, 2007, Bayer MaterialScience AG is raising
the sales prices for Thermoplastic Polyurethanes (TPU) resins in
the Europe, Middle East and Africa (EMEA) Region by
EUR 0.30 per kilogram.
Bayer MaterialScience considers the TPU resins
business a specialty growth business, characterised by continuous product
development, innovation and investment in production capacities in line
with market growth.
The ongoing dramatic increase in raw materials
and energy costs has to this date been absorbed
by Bayer MaterialScience. Significant measures to improve efficiency have
not been able to compensate for the effect of
the steadily rising cost level.
To ensure the rapid growth
of this specialty market, continuous investment in research and
development, production plants and customer support is necessary. With
this price increase and future pricing, Bayer MaterialScience wants
to safeguard its ability to provide sufficient resources for
the TPU resins business and its customers.
