ROTTERDAM, Netherlands, July 16 /PRNewswire/ -- Effective August 1, LyondellBasell Industries will increase prices in Europe on all of its Adflex, Adsyl, Softell and reactor-grade Hifax resins by euro 200 per tonne.
"Escalating feedstock, energy and transportation costs continue to erode our margins which necessitate this increase," said Paul Yeates, Senior Vice President of LyondellBasell's Advanced Polyolefins business.
LyondellBasell's polypropylene resins based on its proprietary Catalloy process are marketed under the trade names Adflex, Adsyl, Softell and Hifax. These resins, which possess a broad range of properties from flexibility to stiffness, are used by customers to produce applications in the building and construction, compounding, film (specialty and packaging) and automotive industries.
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 (http://www.lyondellbasell.com/) is privately owned by Access Industries.
SOURCE: LyondellBasell Industries
CONTACT: Media, Waldemar Oldenburger of LyondellBasell Industries,
+49 69 305 854 59, waldemar.oldenburger@lyondellbasell.com
Web site: http://www.lyondellbasell.com/