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| 2008-05-27 |
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LANXESS increases prices for pigments worldwide
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Specialty chemicals company LANXESS AG (www.lanxess.com) is to increase its prices for iron oxide and chrome oxide pigments worldwide with immediate effect. The prices for the Bayferrox and Colortherm lines will be increased by up to EUR 150 per metric ton, and for chrome oxide pigments by up to EUR 750 per metric ton. These price rises have been made necessary by drastic increases in raw material, energy and logistics costs. LANXESS Inorganic Pigments business unit produces approx. 300,000 tons per year of iron oxide and chrome oxide pigments at its facilities in the U.S.A., Brazil, Asia, Australia and Europe. The products are distinguished by their high quality and simple, standards-compliant and environmentally compatible processing. The most important customers are the construction industry, followed by the paints and coatings sector and the plastics and paper industries. The LANXESS subsidiaries ensure customer proximity, service and presence throughout the world. Advert The Inorganic Pigments business unit belongs to the Chemical Intermediates segment of LANXESS, which achieved total sales in 2007 of EUR 1.97 billion.
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LANXESS AG, Leverkusen, Germany
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