ARLANXEO increases its prices for its Buna?and X_Butyl? products globally effective May 1, 2018.
The price increase is driven by the overall market situation.
ARLANXEO has contacted its customers individually regarding the price increases.
ARLANXEO’s rubber products distributed under the brand namesBuna?and X_Butyl?are used in the tire industry and for several non-tire applications like medical and pharmaceutical, plastic modification, gum or technical rubber goods.
About ARLANXEO
ARLANXEO is a world-leading synthetic rubber company with sales of around EUR 3.2 billion in 2017, about 3,800 employees and a presence at 20 production sites in nine countries. The company’s core business is the development, manufacturing and marketing of high-performance rubber for use in, for example, the automotive and tire industries, the construction industry, and the oil and gas industries. ARLANXEO was established in April 2016 as a joint venture of LANXESS and Saudi Aramco.
Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by ARLANXEO management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.