LANXESS raises prices for rubber chemicals

LANXESS has announced a price increase for its rubber chemicals effective 1 January 2014. The company said in a press release that the increases are required to offset raw material cost increases. The price increase includes all product lines in the Rubber Chemicals business unit, including Vulkanox antidegradants, Vulkacit accelerators, as well as specialty chemicals such as bonding agents (Cohedur), retarders (Vulkalent), plasticisers (Vulkanol) and DBD based peptisers (Renacit). The increase will range from €0.05/kg to €0.30/kg depending on the product and region. These products are primarily used in the manufacture of tires, hoses, profiles, and other rubber items. The Rubber Chemicals business unit is part of LANXESS’ Performance Chemicals segment, which recorded sales of €2.2bn in fiscal 2012.