LANXESS continue trend for price rises

4 June 2010

Following announcements in May from global leather chemical makers Stahl and Clariant, Lanxess have also announced a rise in prices of leather chemicals. In a press statement dated May 21, Lanxess said that they were increasing their prices worldwide for leather chemicals by between 5% and 8% with immediate effect.

For certain products or in certain regions the increase may be even greater. This measure is primarily due to continued sharp rises in prices for raw materials, especially with respect to monomers, and to increases in transport and energy costs.

Lanxess are one of the leading suppliers to the leather industry and offer chemicals for all process steps in leather production. These include inorganic and synthetic tanning materials, preservatives, fatliquors, dyestuffs, tanning and finishing products. The Leather business unit belongs to Lanxess Performance Chemicals segment, which achieved total sales in fiscal 2009 of euro 1,530 million.

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