BRUSSELS, Belgium (July 8, 2008) — DSM Elastomers expects to raise prices for its EPDM and Sarlink thermoplastic elastomers lines while it prepares its eventual divestiture from parent DSM N.V.
The company's management has decided oil prices are unlikely to fall, and it anticipates a price hike soon.
The expected sale of the business should include both the EPDM and TPV lines as a unit, according to Jan Paul de Vries, president of DSM Elastomers. DSM wants to find a buyer that is committed to the long-term growth and expansion of both businesses.
De Vries said once sale documents are completed by the end of summer, it might take a year or two to conclude the sale.