Specialty chemical company LANXESS is raising its prices for its inorganic pigment products worldwide with immediate effect.

Prices for iron oxide pigments will increase by a minimum of EUR 200 per metric ton, for chromium oxide pigments by a minimum of EUR 300 per metric ton and for ferrites by a minimum of EUR 250 per metric ton, or their equivalent in local currency.

In addition, depending on the destination, LANXESS will charge a fee to cover increasing transportation costs. Customers will be informed individually as to how it applies to their products.

The LANXESS Inorganic Pigments business unit is the world's largest manufacturer of synthetic iron oxides and a leading producer of inorganic chrome oxides. These products have a track record going back many decades as colorants for building materials, paints and coatings, plastics, paper and other applications. These hightinting-strength inorganic pigments are produced according to strict sustainability criteria.

LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,800 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics.