Wednesday - April 19, 2017
Covestro raises prices for elastomer products
Effective May 1st, 2017, Covestro will raise the selling prices for its Desmodur® and Baytec® elastomer systems, which include prepolymers, polyols and curatives, by up to 9 percent. The magnitude varies depending upon the product line.
The price increase will be applied globally as contracts allow.
Customers will be contacted by Covestro Elastomers’ Sales Representatives to address the price increase for their specific products.
With 2016 sales of EUR 11.9 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and employs approximately 15,600 people (full-time equivalents) as of the end of 2016.
Find more information at www.covestro.com.
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This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. 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. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.