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LANXESS: Price adjustment for engineering plastics

Specialty chemicals company LANXESS AG is to increase its prices for Pocan in Europe, the Middle East and Africa effective December 1, 2010. The Semi-Crystalline Products business unit announced that the price increase will be at least EUR 0.20 per kg for Pocan Compounds (Polybutylenterephthalate Compounds). 

This price adjustment has become unavoidable, despite continuous process optimization, because the costs of raw materials have risen significantly.

The high-performance plastic Pocan is used in numerous applications in the automotive and electrical/electronics industries. 

The Semi-Crystalline Products business unit belongs to the Performance Polymers segment, which achieved sales of EUR 2.39 billion in 2009.

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LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,500 employees in 23 countries. The company is represented at 42 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.