LANXESS Announces Global Price Increase

Flavors & Fragrances business unit announces global price increase With immediate effect, LANXESS' Flavors & Fragrances (F&F) business unit is raising prices across the world for its entire portfolio of preservatives, benzoates, intermediates, aroma chemicals, and multifunctionals. Customers will be contacted individually regarding the specifics of the measure as it applies to their products or regions. The adjustments are being made in response to unprecedented challenges that have a significant impact on logistics and production. Fragile supply chains, dramatically increased raw material and energy costs - not least as a result of the war in Ukraine, which has resulted in record oil and gas prices - have significant implications for the entire supply chain. Offerings from F&F are primarily used to provide flavor, fragrance, shelf life and essential performance characteristics in a wide variety of consumer products, such as food, beverages, cosmetics, cleaners, detergents, pharmaceuticals and animal feed. Source