Specialty chemicals company LANXESS will raise the off list prices worldwide for its rubber chemicals with effect from June 1, 2014 or as contracts allow. Depending on product and region, the adjustments will be up to 0.70 EUR/kg (1.10 USD/kg).
“After the minor move we made in April, this is now a significant step towards restoring our margins to acceptable levels,” says Luis López-Remón, Head of the LANXESS Rubber Chemicals business unit. “The recent escalation of Chinese environmental enforcement activities, in particular for waste water, is reaffirming our determination to position ourselves as a viable, long-term supplier of high quality rubber chemicals.”
LANXESS rubber chemicals are mainly used in the manufacture of rubber products such as tires, hoses and sealing profiles as well as in the production of drive elements, e. g. timing belts or transmission belts.
The Rubber Chemicals business unit is part of LANXESS’ Performance Chemicals segment, which recorded sales of EUR 2.13 billion in fiscal 2013.
LANXESS is a leading specialty chemicals company with sales of EUR 8.3 billion in 2013 and roughly 17,000 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. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI World and DJSI Europe) and FTSE4Good as well as CDP’s Climate Disclosure Leadership Index (CDLI).