LANXESS Raises Prices for Inorganic Pigments

Specialty chemicals company LANXESS is increasing prices for inorganic pigments globally, subject to existing agreements, effective immediately. Prices will be increased by a minimum of EUR 150 per metric ton or the equivalent in local currency. In some cases, price increases may be higher depending on the product group and production location. Individual communication with customers will take place as applicable for the products.

Price adjustment is necessary due to continuously rising raw material and energy costs as well as significantly higher freight rates.

LANXESS Inorganic Pigments business unit is the world's leading producer of synthetic iron oxide pigments and a leading producer of inorganic chromium oxide pigments. These products have a history dating back decades as colorants for building materials, paints and coatings, plastics, papers and other applications. These high-performance inorganic pigments are manufactured according to strict sustainability criteria. Detailed information regarding the product range is available online at www.bayferrox.com.