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Global Press Releases
2021-10-21
Rising energy costs: LANXESS temporarily adjusts prices for inorganic pigments
Cologne, October 21, 2021 – Specialty chemicals company LANXESS is imposing temporary inflation surcharges for its inorganic pigments worldwide with immediate effect. The reason for this is mainly the massive increase in energy costs for electricity, gas and steam worldwide. Prices will rise by 300 euros per metric ton for iron oxide pigments and chrome oxide pigments from all production sites - or the equivalent amount in national currency. Customers will be informed individually about the effects in relation to their products.
The LANXESS Inorganic Pigments business unit (IPG) is the world's largest manufacturer of synthetic iron oxides and a leading producer of inorganic chrome oxides. 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 IPG’s 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 14,800 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.
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