Lanxess Increasing Tyre Production Chemical Prices

The Rubber Chemicals business unit of Lanxess AG is increasing prices for the antioxidants (Vulkanox), accelerators (Vulkacit) and specialties (Vulkazon, Coagulant, KS 95) as of July 1, 2008. Increases will be in the range of up to US$1,200 per tonne, depending on the product and region. The company reports that continued cost increases have, in spite of cost-cutting programmes previously introduced, made a price rise unavoidable.