Specialty chemicals company LANXESS is raising its prices for Trimethylolpropane with immediate effect. The increase amounts to an average of 20 percent and applies worldwide.This decision reflects the ongoing, cumulative cost increases. These include significantly higher energy costs and higher raw material costs.
Specialty chemicals company LANXESS has announced a global price increase of around 20 per cent for Trimethylolpropane, effective immediately.
The adjustment follows rising production costs driven by significantly higher energy prices and raw material expenses.
The company said the price revision is necessary to maintain reliable supply and ensure the long-term sustainability of its operations.
Despite intensive efforts to mitigate cost increases and maintain stable prices, an adjustment is necessary to ensure the long-term reliability and sustainability of supplies.
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