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2017-03-23

LANXESS raises prices for leather chemicals

Specialty chemicals company LANXESS is globally raising the prices for its organic leather chemicals with immediate effect. This measure is a result of the increasing pressure on the raw material- and operating cost base. The increase for the product groups affected will range from an upper single to a double-digit percentage.

The LANXESS Leather business unit is one of the leading providers of system solutions for the leather industry, from chemicals for all stages of leather manufacture to extensive local support in applications development.

Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

LANXESS is a leading specialty chemicals company with sales of EUR 7.7 billion in 2016 and about 16,700 employees in 25 countries. The company is currently represented at 54 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.

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Michael Fahrig

Michael Fahrig
Spokesperson Trade and Technical Press

Phone: +49 221 8885 5041

Fax: +49 221 8885 4865

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