2018-11-09

LANXESS increases prices for engineering plastics

Cologne – Specialty chemicals company LANXESS is raising its prices due to the increasing raw material costs with immediate effect for its engineering plastics of the brands Durethan A (polyamide 6.6) and Pocan (polybutylene terephthalate – PBT, blends).

For polyamide 6.6 compounds, the adjustment will be EUR 0.60 per kilogram and will affect Europe, the Middle East and Africa.

The increase for PBT compounds per kilogram amounts to
·    EUR 0.20 in Europe, the Middle East and Africa,
·    USD 0.15 in the region Asia Pacific,
·    USD 0.15 in North America and Canada.

For specific grades of both brands the increase may be higher.

Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

LANXESS is a leading specialty chemicals company with sales of EUR 9.7 billion in 2017 and about 19,200 employees in 25 countries. The company is currently represented at 74 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

Contact

Michael Fahrig

Michael Fahrig
Spokesperson Trade and Technical Press

Phone: +49 221 8885 5041

Fax: +49 221 8885 4865

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