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LANXESS Increases Prices for Rubber Chemicals - Specialty chemicals company LANXESS will raise its prices worldwide for its rubber chemicals with effect from April 1, 2014 due to higher raw material prices and unfavorable exchange rate effects - LANXESS.com
LANXESS Increases Prices for Rubber Chemicals

 

PRZOOM - /newswire/ - Cologne, Germany, 2014/03/18 - Specialty chemicals company LANXESS will raise its prices worldwide for its rubber chemicals with effect from April 1, 2014 due to higher raw material prices and unfavorable exchange rate effects - LANXESS.com. FRA: DE Frankfurt: LXS

   
 
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“This is a good first measure to improve our margins - and bring them back up to an acceptable level,” says Luis López-Remón, Head of the LANXESS Rubber Chemicals business unit.

The adjustment will impact all product lines, including Vulkanox antidegradants, Vulkacit accelerators as well as specialty chemicals such as bonding agents (Cohedur), retarders (Vulkalent), plasticizers (Vulkanol), zinc oxides (Zinkoxyd aktiv) and DBD based peptizers (Renacit). The price increases will range from 0.10 EUR/kg to 0.70 EUR/kg (0.15 USD and 1.00 USD) depending on the product and region.

LANXESS rubber chemicals are mainly used in the manufacture of rubber products such as tires, hoses and sealing profiles as well as in the production of drive elements, e.g. timing belts or transmission belts.

The Rubber Chemicals business unit is part of LANXESS’ Performance Chemicals segment, which recorded sales of EUR 2.2 billion in fiscal 2012.

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 9.1 billion in 2012 and roughly 17,500 employees in 31 countries. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good as well as the Carbon Disclosure Leadership Index (CDLI).

 
 
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Agency / Source: LANXESS

 
 

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LANXESS Increases Prices for Rubber Chemicals

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Rubber Chemicals | LANXESS
Contact: Michael Fahrig - LANXESS.com 
+49 221 8885 5041
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

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