The Technical Rubber Products business unit of specialty chemicals group LANXESS AG will increase its prices for CR (chloroprene rubber) globally effective April 1, 2010. Dependent on regions, the price adjustment per metric ton comprises up to EUR 300/USD 400 for CR. This adjustment is unavoidable because the costs for raw materials have risen significantly.
CR, which LANXESS offers under the name Baypren, is appropriate to produce e.g. cable sheathing, hoses, belts and air springs.
LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,300 employees in 23 countries. The company is represented at 43 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
This news release contains forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
You can find further information concerning LANXESS chemistry in our WebMagazine at webmagazine.lanxess.com/.