LANXESS: Price adjustment for engineering plastics

Specialty chemicals company LANXESS AG is to increase its prices for Pocan in Europe, the Middle East and Africa effective December 1, 2010. The Semi-Crystalline Products business unit announced that the price increase will be at least EUR 0.20 per kg for Pocan Compounds (Polybutylenterephthalate Compounds).

This price adjustment has become unavoidable, despite continuous process optimization, because the costs of raw materials have risen significantly, as the company explained.

The high-performance plastic Pocan is used in numerous applications in the automotive and electrical/electronics industries.

The Semi-Crystalline Products business unit belongs to the Performance Polymers segment, which achieved sales of EUR 2.39 billion in 2009.