Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
May 20, 2014 02:00 AM

Lanxess to raise prices for rubber chemicals

Rubber & Plastics News Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    COLOGNE—Lanxess A.G. will raise prices worldwide for its rubber chemicals, effective in June.

    The price increases will vary depending on product and region. The firm said adjustments will increase up to $1.10 per kilogram.

    “After the minor move we made in April, this is now a significant step towards restoring our margins to acceptable levels,” says Luis López-Remón, head of Lanxess' rubber chemicals business unit. “The recent escalation of Chinese environmental enforcement activities, in particular for waste water, is reaffirming our determination to position ourselves as a viable, long-term supplier of high quality rubber chemicals.”

    The firm recently announced its first quarter results, which included a 2.5 percent decrease in sales to $2.78 billion and net income that held steady at about $34.8 million. On the heels of the results, CEO Matthias Zachert said Lanxess will pursue realignment options, which could include streamlining its decision-making process and optimizing administrative structures.

    Lanxess' rubber chemicals are primarily used in the manufacture of rubber products such as tires, hoses and sealing profiles. They're also used in the production of drive elements like timing or transmission belts.

    The rubber chemicals business unit is part of the firm's performance chemicals segment, which recorded sales of about $2.92 billion in fiscal 2013.

    Related Articles
    Lanxess inaugurates Slovakian headquarters
    Lanxess increases prices for rubber chemicals
    Lanxess to raise prices on EPDM grades
    Lanxess makes managerial changes
    Lanxess concludes pilot phase for butyl rubber production
    Lanxess raises prices on technical rubber grades
    Lanxess' sales decreases; realignment on horizon
    Zachert prepares Lanxess for tough times ahead
    Lanxess says ex-CEO agreed to forgo $12.6 million
    Lanxess opens production line in German facility
    Lanxess increases prices for Durethan base products
    Lanxess completes expansion of German facility
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Synthos to resume butadiene rubber production at German plant in March
    2
    Rubber board urges stabilization of NR prices
    3
    Trelleborg: U.K. investigation of TWS deal ‘normal procedure'
    4
    Michelin's hydrogen partners: 4 things to know about Symbio's stakeholders
    5
    Asahi Kasei settles Michigan PFAS lawsuit, agrees to clean up pollution
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION