COLOGNE, Germany – Specialty chemicals company LANXESS is raising its prices for inorganic pigments globally with immediate effect, subject to existing agreements. Quotations will be increased by €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.
LANXESS reports that the price adjustment is required due to constantly raising raw material and energy cost as well as much higher freight rates.
Detailed information on the product range can be found at www.bayferrox.com.