LANXESS Raises Adipic Acid Prices Globally
ECONOMY & POLICY

LANXESS Raises Adipic Acid Prices Globally

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement