Key highlights
- LANXESS implements an immediate price increase of up to 20% for inorganic pigments
- Affected products include iron oxide and chromium oxide pigments
- Increase attributed to higher energy, critical raw material and logistics costs amid geopolitical tensions
Price adjustment
LANXESS is implementing an immediate price increase of up to 20% for its inorganic pigment products.
Products affected
The change applies to iron oxide and chromium oxide pigments.
Reasoning
The increase responds to significantly higher costs for energy, critical raw materials and logistics amid ongoing geopolitical tensions; despite efforts to mitigate cost rises, an adjustment was deemed necessary to secure long-term supply reliability and sustainability.
Customer communication
Customers will be contacted individually about how the increase applies to their products or regions.
