Announcement on Price Increase for Component MDI products

BorsodChem announces an overall price increase of 200EUR/mt for Q1 prices concerning all component MDI products as of January 1st, 2013.

Despite the enormous cost pressure triggered by ongoing global Benzene price increase throughout the whole year of 2012, BorsodChem has kept its MDI prices stable in H2 of 2012. However – due to the considerable margin erosion – we can no longer avoid to follow the global market trend in Europe as well. Therefore we must make this adjustment in order to re-establish the sustainable economics of our business.

This step helps BorsodChem to continue offering competitive quality of our products and services in the future.

Alex Liu                                                                            Zsolt M├ílik
Vice President Sales & Marketing                                        Director MDI Sales