Lanxess will globally raise its prices for chloroprene rubber and adhesive grades effective January 1, 2016. The price increase is EUR250 or US$270 per metric ton. This adjustment reflects the general market and cost development of the last 12 months.
Chloroprene elastomers offered under the brand name Baypren are used in applications like hoses, belts, axle boots and air springs as well as for adhesives.
The High Performance Elastomers business unit is part of Lanxess’ Performance Polymers segment, which recorded sales of EUR 4.128 billion in fiscal 2014.