Lanxess hikes prices by 5%

Cost pressures lead to rises across entire portfolio.

Lanxess Business Unit Basic Chemicals has increased its prices worldwide by 5% for its entire product portfolio due to cost pressures.

The speciality chemicals firm announced the change yesterday citing high raw material, energy and logistics costs.

Holger Hueppeler, head of marketing at the unit, said the considerable increases that the industry had experienced over the past few months could not be adsorbed by productivity efficiency increases.

The company’s core business includes the development, manufacture and sale of speciality chemicals, plastics, rubber and intermediates.

Its rubber unit, Lanxess Technical Rubber Products (TRP) said worldwide prices for its EPDM rubber grades would increase by up to €200 per tonne.

Marketed under the proprietary name Buna EP, the rubber grade is used primarily in seals for the automotive, construction and electrical industries due to its good resistance against chemicals, UV rays and weathering.

Lanxess employs 14,500 employees across 21 countries and has 47 production sites across the world and had sales of €6.94bn in 2006.

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