LANXESS’s price adjustment for engineering plastics

3:50 PM, 8th June 2011

LANXESS’s price adjustment for engineering plastics

LEVERKUSEN, GERMANY: LANXESS AG is to increase its prices for Durethan Compounds (Polyamide Compounds, PA) and Pocan Compounds (Polybutylenterephthalate Compounds, PBT) in Europe, the Middle East and Africa by at least EUR 0.30 per kilogram effective February 14, 2011. This price adjustment has become unavoidable because the costs have risen significantly, the company mentioned.

The high-performance plastics Durethan and Pocan are used in numerous applications in the automotive, electrical/electronics and household industries. The Semi-Crystalline Products business unit belongs to the Performance Polymers segment, which achieved sales of EUR 2.39 billion in 2009. LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,700 employees in 24 countries. The company is represented at 45 production sites worldwide.

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