Cologne, 2021 – Specialty chemical company LANXESS is raising
its prices for inorganic pigments globally with immediate effect,
subject to existing agreements. Quotations will be increased by EUR 150
minimum per metric ton or its equivalent in local currency. In some
cases, price increase can be higher depending on product group and
production site. Customers will be contacted individually as it applies
to their products.
The price adjustment is required due to constantly raising raw material
and energy cost as well as much higher freight rates.
The LANXESS Inorganic Pigments business unit is the world’s largest
manufacturer of synthetic iron oxide pigments and a leading producer of
inorganic chrome oxide pigments. These products have a track record
going back many decades as colorants for building materials, paints and
coatings, plastics, paper and other applications. These
high-tinting-strength inorganic pigments are produced according to
strict sustainability criteria.
Detailed information on the product range can be found on the internet
at www.bayferrox.com
LANXESS is a leading specialty chemicals company with sales of EUR 6.1
billion in 2020. The company currently has about 14,200 employees in 33
countries. The core business of LANXESS is the development,
manufacturing and marketing of chemical intermediates, additives,
specialty chemicals and plastics. LANXESS is listed in the leading
sustainability indices Dow Jones Sustainability Index (DJSI World and
Europe) and FTSE4Good.
Forward-Looking Statements
This company release contains certain forward-looking statements,
including assumptions, opinions, expectations and views of the company
or cited from third party sources. Various known and unknown risks,
uncertainties and other factors could cause the actual results,
financial position, development or performance of LANXESS AG to differ
materially from the estimations expressed or implied herein. LANXESS AG
does not guarantee that the assumptions underlying such forward-looking
statements are free from errors, nor does it accept any responsibility
for the future accuracy of the opinions expressed in this presentation
or the actual occurrence of the forecast developments. No representation
or warranty (expressed or implied) is made as to, and no reliance should
be placed on, any information, estimates, targets and opinions contained
herein, and no liability whatsoever is accepted as to any errors,
omissions or misstatements contained herein, and accordingly, no
representative of LANXESS AG or any of its affiliated companies or any
of such person’s officers, directors or employees accepts any liability
whatsoever arising directly or indirectly from the use of this document.
