LANXESS raises prices for inorganic pigments

On June 14, under an existing agreement, LANXESS is raising prices for inorganic pigments globally, effective immediately. Quotes will be increased by at least EUR 150 or the equivalent in local currency per metric ton. In some cases, the price increase may be higher, depending on the product group and production location. Customers will be contacted individually as it applies to their product.

A price adjustment is required due to rising raw material and energy costs and a significant increase in freight rates.

The LANXESS Inorganic Pigments business unit is the world's largest manufacturer of synthetic iron oxide pigments and a leading producer of inorganic chromium oxide pigments. These products have been used for decades as colorants in building materials, paints and coatings, plastics, paper and other applications. These high tinting strength inorganic pigments are produced according to strict sustainability standards.