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LANXESS increases prices for basic chemicals

Published on 2009-06-26. Author : SpecialChem

The Basic Chemicals business unit of specialty chemicals company LANXESS is increasing its prices worldwide for its entire product portfolio by a minimum of seven per cent with immediate effect. The primary factors behind this measure are higher raw material and energy expenses. Torsten Hauschild, Head of Marketing in the Basic Chemicals business unit (BAC), said: "The recent development in oil prices is resulting in significant higher costs for energy as well as for related raw materials."

BAC is one of the world's leading manufacturers of high-quality industrial chemicals. The main product groups are chlorobenzenes, chlorotoluenes and cresols, nitrotoluenes, polyols and oxidation products (e.g. trimethylolpropane, 1,6-hexanediol, maleic anhydride), benzyl products (e.g. benzylchloride, benzylalcohol, benzoylchloride) and inorganic acids (e.g. hydrofluoric acid).

The Basic Chemicals business unit is part of LANXESS's Advanced Intermediates segment, which posted sales of EUR 1,310 million in fiscal 2008.

LANXESS is a leading specialty chemicals company with sales of EUR 6.58 billion in 2008 and currently around 14,600 employees in 23 countries. The company is represented at 44 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Forward-Looking Statements

This news release contains 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.

Source: Lanxess


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