LANXESS increases price level for Chloroprene Rubber
- LANXESS announces a price increase for its Baypren branded Chloroprene business line of up to EUR 180 EUR / 240 USD per metric ton on a global basis. Reason being the since early 2012 again increasing raw material and energy prices amidst a tightening market for the respective feedstocks. Subject to the terms of any applicable contracts and regulations, price increases will be implemented starting February 15th, 2012.
CR, which LANXESS offers under the name Baypren, is appropriate to produce e.g. cable sheathings, hoses, belts and air springs.
LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 16,100 employees in 30 countries. The company is at present represented at 47 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.
(Source: LANXESS Press)