Specialty chemicals company LANXESS has raised prices for adipic acid with immediate effect and the change applies worldwide. The increase averages EUR 100 per tonne (t) and reflects ongoing cumulative cost pressures. The company said these pressures include significantly higher raw material costs and that the adjustment was necessary to safeguard supply continuity. The decision follows intensive efforts to mitigate cost increases and to maintain price stability where possible.\n\nLANXESS reported sales of EUR 6.4 billion (bn) in 2024 and currently employs about 11,800 people across 32 countries, underlining its global footprint. The core business encompasses the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. The company noted leading positions in sustainability indices and ratings, including the Dow Jones Best-in-Class Index and the MSCI ESG and ISS ESG evaluations. The announcement was issued by LANXESS India Private Ltd from its Thane office.\n\nThe price adjustment is intended to ensure the long-term reliability and sustainability of supplies and to address cumulative cost trends that the company judges to be persistent. LANXESS stated that, despite efforts to absorb costs, a global price correction was unavoidable to maintain operational and supply chain resilience. The average increase is a global measure intended to reflect the aggregate market conditions rather than changes in regional pricing alone.\n\nThe company release contains forward-looking statements and cautions that various risks and uncertainties could cause actual results to differ materially from expectations. LANXESS did not guarantee that the assumptions underlying such statements are free from error and disclaimed liability for omissions or misstatements. For further information and press material the company directs readers to its media pages and to its corporate communications office in India.