LANXESS to increase prices for its Baypren (CR) products
Leverkusen - The Technical Rubber Products (TRP) business unit of specialty chemicals group LANXESS announces a price increase for its Baypren branded Chloroprene business – depending on region – for up to € 300/mt (or US$ 400/mt).
Reason being the continued high level of feedstock and energy prices as well as increase of other costs.
Subject to the terms of any applicable contracts and regulations, price increases to take effect as of 1st of March 2011.
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 5.06 billion in 2009 and currently around 14,700 employees in 24 countries. The company is represented at 45 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
(Source: LANXESS Press)