Lanxess imposes €400/tonne rises on NBR, increases other prices

Leverkusen, Germany - Lanxess AG is imposing price increases of up to €400/tonne on some grades of nitrile (NBR) rubber, with lesser increases on chloroprene rubber (CR), ethylene-propylene-diene rubber (EPDM) and styrene-butadiene rubber (E-SBR). All increases are effective from 1 January, 2007, said the company. Lanxess said, "The increases will be between EUR 50 and 400 per metric ton or between USD 65 and 500 per metric ton respectively."

Lanxess' statement continued, saying it "will increase its quotations for NBR by up to €400 per metric ton. The reason for this particularly high rise is the unsatisfactory profitability level of the NBR product group. In spite of extensive restructuring and cost-cutting programs at the La Wantzenau (France) and Sarnia (Canada) sites, profitability still needs to be boosted significantly."

Lanxess said the other increases are designed to "compensate for rises in raw material and energy costs."

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Lanxess