ERJ staff report (TP)
Cologne, Germany − Specialty chemicals company LANXESS will raise its prices worldwide for rubber chemicals supplied by the Rubber Chemicals business unit effective 1 January 2014. The increases are required to offset raw material cost increases in Q1 2014.
The price increases will impact all product lines, including Vulkanox antidegradants, Vulkacit accelerators as well as specialty chemicals such as bonding agents (Cohedur), retarders (Vulkalent), plasticisers (Vulkanol) and DBD based peptisers (Renacit) and will range from €0.05/kg to €0.30/kg depending on the product and region.
These rubber chemicals are primarily used in the manufacture of rubber products such as tires, hoses and profiles and in the production of drive elements.
The Rubber Chemicals business unit is part of LANXESS’ Performance Chemicals segment, which recorded sales of €2.2bn in fiscal 2012.
LANXESS is a specialty chemicals company with sales of €9.1bn 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.
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Press release from LANXESS