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2018-03-28

LANXESS increases prices for leather chemicals

Specialty chemicals company LANXESS increases the prices for selected leather chemicals with immediate effect due to constantly rising raw material costs. This measure includes selected chrome chemicals, such as Chromosal (Basic Chrome Sulfate), Chromic Acid and Sodiumdichromate, which will be increased by up to 10 percent.

“In the course of the continuous review of our raw material exposures, we see steadily rising costs in the area of chrome ore, basic chemicals, solvents and silicones, used for the production of chrome and leather chemicals. For this reason we take this second step in 2018 to adjust the prices for selected products,” says Dr. Thomas Brackemeyer, head of the Organic Leather Chemicals business line in the Leather business unit of LANXESS.

The LANXESS Leather business unit is one of the leading providers of system solutions for the leather industry, from chemicals for all stages of leather manufacture to extensive local support in applications development. Detailed information about products from LANXESS’s leather business unit can be obtained online at http://leather.lanxess.com.

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. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.