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Lanxess AG

05/24/2019 | Press release | Distributed by Public on 05/24/2019 01:41

LANXESS increases prices for yellow iron oxide pigments

Cologne - Specialty chemicals company LANXESS is raising its prices worldwide for yellow iron oxide pigments of the Bayferrox and Colortherm brands by 15 percent with immediate effect due to rising operational costs. Existing contracts are not affected.

The LANXESS Inorganic Pigments business unit of LANXESS is the world's largest manufacturer of iron oxide pigments with production sites on five continents that all meet high technical and ecological standards. All Bayferrox and Colortherm pigments are characterized by a high level of quality in terms of all their chemical and physical properties, especially natural color strength and color consistency. Due to their chemical composition, the products are absolutely weather-resistant and lightfast.

Detailed information can be found on the internet at http://www.bayferrox.com.

Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 60 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.