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Lanxess to increase its prices up to 20 percent

May 30/2011

(Lanxess) -- Specialty chemicals company Lanxess is to increase its prices worldwide for leather chemicals by up to 20% effective June 1, 2011, in response to steeply rising raw material costs. The reason for this measure is the significant price increase in the key raw materials propylene, naphthalene, phenol, isocyanates, polyols, titanium dioxide and butyl acetate.


Lanxess is one of the few suppliers worldwide to supply products needed in all stages of leather manufacture, including inorganic and synthetic tanning materials, preservatives and fatliquoring agents, dyestuffs and tanning and finishing auxiliaries.


Lanxess is a leading specialty chemicals company with sales of EUR 7.1 bln in 2010 and currently around 15,500 employees in 30 countries. The company is at present represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.


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