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LANXESS Announces Global Price Increase

Latest company news about LANXESS Announces Global Price Increase

Global Silicone Network News: On March 10, 2021, Specialty Chemicals Group LANXESS announced that it is raising the price of its engineering plastics immediately or subject to the contract. The adjustment affects Europe, the Middle East and Africa. Regarding the reasons for the price adjustment, LANXESS stated that the cost of raw materials, logistics and energy has risen sharply again, and most of them have exceeded the level before the outbreak of the Covid 19 pandemic. This increase is inevitable.