Increases will range from 15 cents to $1 depending on the product and the region.

 

The increase will impact all product lines including Vulkanox antidegradants, Vulkacit accelerators and specialty chemicals like bonding agents, retarders, plasticizers, zinc oxides and DBD based peptizers.

 

“This is a good first measure to improve our margins and bring them back up to an acceptable level,” said Luis Lopez-Remon, head of Lanxess' rubber chemicals business unit.

 

The rubber chemicals business unit is part of Lanxess' performance chemicals sales, which recorded sales of approximately $3.1 billion in fiscal 2012.