LANXESS increases prices for chloroprene rubber
Leverkusen - Specialty chemicals company LANXESS is to increase its prices worldwide for its Baypren branded chloroprene rubbers by up to EUR 160 / USD 210 per metric ton effective March 1, 2012, in response to steeply rising raw material and energy costs.
Chloroprene rubber (CR) is suitable as a solid rubber for producing cable sheathing, air spring bellows, hoses and belts and as a latex for the manufacture of adhesives.
The Technical Rubber Products business unit is part of LANXESS’ Performance Polymers segment, which recorded sales of EUR 3,782 million in fiscal 2010.
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.