SABIC Innovative Plastics announces price increases in Asia Pacific

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June 8th, 2009 Leave a comment Visited 53 times, 1 so far today

New Delhi, India — June , 2009 — SABIC Innovative Plastics has announced price increases of several product lines for orders placed on or after June 8, 2009. The increases are driven by supply constraints and volatility in key raw materials prices for the company’s products.

Specific price increases are listed below.

· Lexan* and Cycoloy* resins prices will be increased by Rs. 15/kg.

· Cycolac* and Geloy* resins prices will be increased by Rs. 13/kg.

· Valox* resin prices will be increased by Rs. 15/kg.

· Xenoy* and Xylex* resins prices will be increased by Rs. 13/kg.

· Noryl* resin prices will be increased by Rs. 10/kg.

· Ultem* resin prices will be increased by Rs. 13/kg.

· LNP* specialty compounds prices will be increased by Rs. 13/kg.

About SABIC Innovative Plastics

SABIC Innovative Plastics is a leading, global supplier of engineering thermoplastics with a 75-year history of breakthrough solutions that solve its customers’ most pressing challenges. Today, SABIC Innovative Plastics is a multi-billion-dollar company with operations in more than 25 countries and over 9,500 employees worldwide. The company continues to lead the plastics industry with customer collaboration and continued investments in new polymer technologies, global application development, process technologies, and environmentally responsible solutions that serve diverse markets such as automotive, electronics, building & construction, transportation, and healthcare. The company’s extensive product portfolio includes thermoplastic resins, coatings, specialty compounds, film, and sheet. SABIC Innovative Plastics (www.sabic-ip.com) is a wholly owned subsidiary of Saudi Basic Industries Corporation (SABIC), one of the world’s top five petrochemicals manufacturers.

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* Trademark of SABIC Innovative Plastics IP BV.

Media Contacts

India

Puneet Khunger/ Priyangshu Dutta

R&PM:Edelman, Gurgaon, India

Tel: +91 9717022726 / +91 9717537878

Email: puneet.khunger {at} edelman(.)com / priyangshu.dutta {at} edelman(.)com

China

Shona Liu

Edelman, Shanghai, China

Tel: +86 21 6289 2929 x470

E-Mail: shona.liu {at} edelman(.)com

Japan

Mitsu Sugino

Tokyo PR Inc., Tokyo, Japan

Tel: +81 332 732 731

E-Mail: sugino {at} tokyopr.co(.)jp





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