Yu Fiona
LANXESS increases prices for iron oxides and chrome oxides
Shanghai – Specialty chemicals company LANXESS is raising its prices worldwide for inorganic pigments with immediate effect, subject to existing contracts. The price adjustment will comprise EUR 140 per metric ton for iron oxide pigments and EUR 280 per metric ton for chrome oxide pigments or its local currency equivalent. Customers will be contacted individually regarding the specifics of the price increase as it applies to their products or regions.
LANXESS's Inorganic Pigments business unit is the world's largest manufacturer of synthetic iron oxides and a leading producer of inorganic chrome oxides. These products have a track record going back many decades as colorants for building materials, paints and coatings, plastics and paper, and as specialty pigments for toners and other applications. They are marketed under the names Bayferrox, Bayoxide and Colortherm. These high-tinting-strength inorganic pigments are produced according to strict sustainability criteria.
Detailed information can be found on the internet at http://www.bayferrox.com.
About LANXESS
LANXESS is a leading specialty chemicals company with sales of EUR 7.9 billion in 2015 and about 16,700 employees in 29 countries. The company is currently represented at 54 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.
LANXESS China
On Jan. 31, 2005, LANXESS AG was initially listed on the Frankfurt Stock Exchange, and its subsidiary LANXESS Chemical (China) Co., Ltd. officially began operations. Today, LANXESS has 10 subsidiaries including 3 joint ventures, as well as 8 R&D centers in China, with over 1,700 employees in Greater China. LANXESS works closely with its local partners to develop market-oriented solutions that meet local market needs.
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
Information for editors:
All LANXESS news releases and accompanying photo, video and audio materials can be found at http://www.lanxess.cn, http://www.weibo.com/lanxess, or LANXESS' official WeChat account: LANXESS_china