Lanxess rubber chemical prices increasing by up to 25%
The cost of rubber chemicals supplied by Lanxess AG will increase on April 1. The German company says its Rubber Chemicals business unit is raising prices in response to “steeply rising raw material costs” and the increase affects almost the entire product range of antioxidants (Vulkanox, Vulkazon), accelerators (Vulkacit) and specialty chemicals (including Renacit, Cohedur, Perkalink and Vulcuren). The new prices will around 15 to 25 per cent higher than current prices, depending on product and region.
The Rubber Chemicals business unit is part of the Lanxess Performance Chemicals segment, which posted sales of 1.978 billion euros in 2010.