2012-02-10

LANXESS increases price level for Chloroprene Rubber

Leverkusen/Shanghai, February 10, 2012 – 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.

 

Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Information for editors:

All LANXESS news releases and accompanying photo, video and audio material can be found at http://www.lanxess.cn.

Information on chemical products from LANXESS can also be found in our Web Magazine at http://webmagazine.lanxess.cn.


Contact

Charlene Pan

Charlene Pan
Corporate Communications

LANXESS Chemical (China) Company Limited

6F, 5 Corporate Avenue

150 Hu Bin Road, Huangpu District

200021 Shanghai

China, CN

Phone: +86 21 6109 6716

Fax: +86 21 6109 6717

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