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Henkel, Oxea, Kraton to raise prices

March 14/2012

(imakenews) -- Henkel, Oxea and Kraton Polymers will increase prices for lubricants and lubricant-related chemicals.

Henkel raised prices in North America on its industrial products for the automotive and metals industries. Product categories that will be affected are lubricants, adhesives, sealants and surface treatment products.

"The increases are a result of ongoing escalation of raw material and energy costs," the Dusseldorf, Germany based company said. "The first increases were implemented in January, and the remaining will take into effect throughout 2012 based on product type. Increases will vary by chemical platforms, and customers will be notified directly and in advance to any pricing changes." Its announcement didn’t disclose the specific price change amounts.

Kraton Polymers of Houston will raise prices effective April 1 by USD400 per metric ton in the Asia Pacific region and by USD440 per metric ton or 20 cents per pound in the Americas for its SBS polymers and compounds. The polymers are used in lubricants and other applications ranging from personal care to paving.

Oxea implemented price hikes effective March 1, or as contracts allow, on several types of chemicals used in lubricants.

Oberhausen, Germany-based Oxea increased list and off-list prices for six amines effective March 1 by EUR60 to EUR100 per metric ton in Europe, USD90 to USD140/t in Asia and Latin America, and 4 to 6 cents per pound in the United States. Amines are used in lubricant additives and corrosion inhibitors.

The company raised list and off-list price increases for four carboxylic acids effective March 1 by EUR80 to EUR100/t in Europe, 5 to 15 cents per pound in North America, and USD100 to USD130/t in the rest of the world. Carboxylic acids are used in synthetic lubricants.

Oxea also raised prices 10 cents per pound in North America, and EUR150/t in Europe on two polyols, neopentylglycol and trimethylolpropane, which are used in synthetic lubricants.

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