2014-05-08

LANXESS increases prices for inorganic pigments

May 5, 2014, Cologne – Specialty chemicals group LANXESS is increasing its prices worldwide for inorganic pigments by a minimum of 125 Euro per 1000 kg (USD 175 or local currency equivalent), with immediate effect. Customers will be contacted individually regarding the specifics of the price increase as it applies to their products or regions.

Iron oxides produced by LANXESS’ Inorganic Pigments business unit are marketed under the trade names Bayferrox, Bayoxide and Colortherm and are the preferred choice in a wide variety of applications in the construction, coatings and colorants, plastics, paper and toner industries.

As one of the world’s leading inorganic pigment producers, LANXESS meets the growing demands of the global market by offering a broad and innovative product portfolio manufactured according to strict sustainability guidelines and supported by high levels of technical expertise.

Further information can be found at www.bayferrox.com.

The Inorganic Pigments business unit is part of LANXESS’ Performance Chemicals segment, which posted sales of EUR 2.13 billion in fiscal 2013.

LANXESS is a leading specialty chemicals company with sales of EUR 8.3 billion in 2013 and roughly 17,000 employees in 31 countries. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI World and DJSI Europe) and FTSE4Good as well as CDP’s Climate Disclosure Leadership Index (CDLI).

Forward-Looking Statements.
This news release may contain 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 accompanying photo, video and audio material can be found at www.lanxess.cn or www.weibo.com/lanxess.

Information on chemical products from LANXESS can also be found in our Web Magazine at webmagazine.lanxess.cn.