Specialty chemicals company LANXESS has raised prices for adipic acid with immediate effect, applying the increase worldwide. The company said the rise averages EUR 100 per tonne. The decision was attributed to ongoing cumulative cost increases, including significantly higher raw material costs. The measure is effective immediately across the company's global sales and distribution network.

LANXESS said that despite intensive efforts to mitigate cost increases and to maintain stable prices, an adjustment was necessary to ensure the long-term reliability and sustainability of supplies. The company framed the measure as essential to safeguard continuity of supply chains and to secure the production of downstream chemicals and materials. The adjustment is intended to balance commercial viability with the needs of customers. Company representatives said the adjustment forms part of a broader approach to manage volatile input costs.

LANXESS is described as a leading specialty chemicals company with sales of EUR 6.4 billion (EUR 6.4 bn) in 2024 and about 11,800 employees in 32 countries. The company focuses on the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS has achieved leading positions in the Dow Jones Best-in-Class Index and in the MSCI ESG and ISS ESG ratings for its commitment to sustainability. The group reiterated its focus on preserving customer relationships while aligning prices with prevailing cost structures.

The company cautioned that forward-looking statements in its release are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expectations and that no guarantee is given on the accuracy of projections. LANXESS said that it continues to monitor market developments and to work with suppliers and customers to manage the effects of cost inflation. Corporate communications in India can be contacted for further information. Further information and image material were made available on the company's official media channels.