The High Performance Elastomers business unit of specialty chemicals company Lanxess will globally raise its prices for chloroprene rubber and adhesive grades effective January 1, 2016. The price increase is EUR 250 / USD 270 per metric ton. This adjustment reflects the general market and cost development of the last 12 months.
Chloroprene elastomers offered under the brand name Baypren are used in applications like hoses, belts, axle boots and air springs as well as for adhesives.
The High Performance Elastomers business unit is part of Lanxess' Performance Polymers segment, which recorded sales of EUR 4.128 billion in fiscal 2014.
Lanxess is a leading specialty chemicals company with sales of EUR 8.0 billion in 2014 and about 16,300 employees in 29 countries. The company is currently represented at 52 production sites worldwide. The core business of Lanxess is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. Lanxess is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.
Lanxess raises prices for chloroprene rubber and adhesives