LEVERKUSEN, Germany (June 20, 2008)— Lanxess A.G. said its Rubber Chemicals business unit will hike prices worldwide for its antioxidants, accelerators and specialities on July 1.
The company said it will increase prices $1,200 a ton, depending on the product.
Lanxess said despite cost-cutting programs, the continued increase in costs made its action unavoidable.