COLOGNE, Germany—Lanxess A.G. will increase prices for its Durethan base resin, film and extrusion grades in Europe, Middle East and Africa by 16 cents per kilogram effective July 1.
The firm said ongoing continuous high level of raw material costs was the primary reason for the increase, but existing agreements will be honored.
The affected products in the Durethan portfolio are polymide six and CoPA based engineering plastics used for the production of films for food packaging, industrial films, semi-finished products, other extrusion applications and as a raw material for compounds.
Lanxess employs 17,000 in 31 countries and operates 52 production sites worldwide. It reported sales of about $11.3 billion in 2013.