Specialty chemicals company LANXESS will raise its prices worldwide for its rubber chemicals with effect from April 1, 2014 due to higher raw material prices and unfavorable exchange rate effects.
"This is a good first measure to improve our margins - and bring them back up to an acceptable level, says Luis López-Remón, Head of the LANXESS Rubber Chemicals business unit.
The adjustment will impact all product lines, including Vulkanox antidegradants, Vulkacit accelerators as well as specialty chemicals such as bonding agents (Cohedur), retarders (Vulkalent), plasticizers (Vulkanol), zinc oxides (Zinkoxyd aktiv) and DBD based peptizers (Renacit). The price increases will range from 0.10 EUR/kg to 0.70 EUR/kg (0.15 USD and 1.00 USD) depending on the product and region.
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 2.2 billion in fiscal 2012.Weitere News im plasticker