ROTTERDAM, Netherlands, January 28, 2009 – Effective February 1, LyondellBasell Industries will increase prices in Europe by €100 per tonne on all of its polyethylene grades.
"Short term demand for these products is increasing, along with feedstock costs. Therefore, this price increase is necessary," said Richard Roudeix, Vice President of LyondellBasell’s Polyethylene Europe Business.
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LyondellBasell Industries is one of the world’s largest polymers, petrochemicals and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; and a significant producer of fuels and refined products, including bio-fuels. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. Headquartered in The Netherlands, LyondellBasell (www.lyondellbasell.com) is privately owned by Access Industries.
For information, contact:
Media - Waldemar Oldenburger, LyondellBasell, +49 69 305 854 59 or waldemar.oldenburger@lyondellbasell.com