LANXESS raises pigment prices globally by €300/mt as part of an energy surcharge, according to a recent company note.
The company said it is imposing a temporary surcharge for its inorganic pigments worldwide. The reason for this is to cover the recent increase in energy costs of gas, electricity, and steam.
LANXESS is a major producer of inorganic pigments, used in the production of paints and coating, plastics, and other materials.
Many polymer companies are also responding to the recent increases in energy prices by announcing hefty surcharges.
And even those companies that have not made any announcements are still planning to take into account the rising costs in the next round of price negotiations.
Lanxess AG is a German specialty chemicals company based in Cologne, Germany.