Bayer MaterialScience raises prices for polyurethane raw materials

Effective January 1, 2008, Bayer MaterialScience is raising its sales prices for several polyurethane raw materials in the Europe, Middle East and Africa (EMEA) region.

Prices for polyether polyols will rise by EUR 0.10 per kilogram. The price of toluene diisocyanate (TDI) will increase by EUR 0.20 per kilogram. The reason for this price rise is the continuing tight supply and demand situation for these polyurethane raw materials and their precursors. Contractual obligations in existence at the time when the price increases come into effect are not affected.

With 2006 sales of EUR 10.2 billion (continuing operations), Bayer MaterialScience 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. At the end of 2006, Bayer MaterialScience had 30 production sites and employed approximately 14,900 people around the globe. Bayer MaterialScience is a Bayer Group company.