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2006-09-25 News Release

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Chemicals price hike for TMP

Chemicals group raises prices for trimethylolpropane in Europe due to drastic increases for raw material, energy and logistics costs.

With immediate effect, LANXESS is increasing its prices for trimethylolpropane (TMP) in Europe by EUR 150 per metric ton and in the overseas markets by USD 200 per metric ton. According to Wolfgang Schafer, Marketing Manager for Polyols and Oxidation Products in the Basic Chemicals business unit, the reasons for this measure are drastically increased raw material, energy and logistics costs.

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The important basic chemical TMP is used in the chemical industry in the manufacture of coatings, plastics, polyurethanes and pigments as well as in the production of lubricants and oils.

The Basic Chemicals business unit belongs to the Chemical Intermediates segment, which achieved total sales in 2005 of EUR 1.535 billion.

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Read a recent press release about - A leading supplier for the rubber processing industry to provide a new investment in expanding capacity and optimizing processes for chloroprene rubber.

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