News

2010-04-19

LANXESS increases prices for iron oxides

Leverkusen -

With immediate effect, specialty chemicals company LANXESS AG is increasing its prices worldwide for iron oxide pigments by up to EUR 100 per metric ton. For certain products or in certain regions the increase may be even greater. The Inorganic Pigments business unit cites as the main reasons for this measure the continued strong rise in raw material costs and investments in quality and environmental protection.


The iron oxides produced by LANXESS have a decades-long track record for applications in the construction industry and in paints and coatings, plastics and paper, as well as for use as specialty pigments for toners and other applications. They are marketed under the trade names Bayferrox, Bayoxide, Bayscape and Colortherm and are among the world’s most lightfast and weather-stable pigments. The pigments are characterized by their outstanding chemical resistance and are considered the worldwide standard.


The Inorganic Pigments business unit belongs to the Performance Chemicals segment of LANXESS, which achieved total sales in 2009 of EUR 1,530 million.


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.

Information for editors:

All LANXESS news releases and their accompanying photos can be found at http://corporate.lanxess.de/en/media/press-releases/.  Recent photos of the Board of Management and other LANXESS image material are available at http://fotos.lanxess.de/index_en.html. The latest TV footage, audiofiles and podcasts can be found at http://corporate.lanxess.com/en/media/audio-video/

You can find further information concerning LANXESS chemistry in our WebMagazine at http://webmagazine.lanxess.com

 

LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,300 employees in 23 countries. The company is represented at 43 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.