LANXESS Increases Prices for Poly alpha olefin base stocks (PAO)
- Seven percent price increase, effective immediately
- Constrained raw material availability, higher freight and supply-chain pressures drive adjustment
Specialty chemicals company LANXESS will increase prices for its Poly alpha olefin base stocks (PAO) by seven percent effective immediately for all incoming orders.
This increase is a response to the significant rise in the costs of energy, critical raw materials, and logistics caused by ongoing geopolitical tensions. LANXESS has worked to mitigate these impacts but the current cost environment requires this action to maintain supply continuity, consistent product quality, and reliable service.
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 accepts any liability whatsoever arising directly or indirectly from the use of this document.
Information for editors:
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