Covestro To Raise Aliphatic Isocyanate Prices
Effective March 1st, 2017, Covestro will raise the selling prices for its standard aliphatic isocyanates by 15 percent. Prices for other coating and adhesive raw materials will be increased at the same time, the magnitude varies by product line. The price increase will be applied globally. Contractual obligations will be honored.
With 2015 sales of EUR 12.1 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 as of the end of 2015 employed approximately 15,800 people (full-time equivalents).