Specialty chemicals company LANXESS is increasing prices for its Polymer Additives portfolio with immediate effect. The adjustments include price increases of up to 35 percent for flame retardants and specialty additives and up to 50 percent for plasticisers.This decision reflects in particular the ongoing, cumulative cost increases. These include significantly higher costs for energy, critical raw materials, and logistics amid ongoing geopolitical tensions.
LANXESS has implemented immediate price increases across its Polymer Additives portfolio due to rising energy, raw material and logistics costs.
Prices will rise by up to 35 per cent for flame retardants and specialty additives and up to 50 per cent for plasticisers.
The move is necessary to maintain reliable supply and sustainable operations amid ongoing geopolitical and cost pressures.
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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