LANXESS Raises Prices For Adipic Acid
ECONOMY & POLICY

LANXESS Raises Prices For Adipic Acid

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.

"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 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.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement