LANXESS, a prominent player in the specialty chemicals sector, has announced a global price increase for adipic acid, effective immediately. The company is implementing a EUR 250 per metric ton hike in response to the significant escalation in raw material costs witnessed in recent months.
LANXESS stands out as a distinguished specialty chemicals enterprise, boasting a robust footprint across more than 32 nations worldwide. Its reputation as a frontrunner in the industry is well-established, underscored by its remarkable achievement of generating a substantial EUR 8.1 billion in sales throughout 2022.
The foundation of the company’s achievements lies in its workforce, comprising approximately 13,000 committed employees. These individuals are focused on fostering innovation and providing top-notch products and solutions to customers across the globe, ensuring the company’s continued success.
LANXESS focuses on the innovation, production, and promotion of chemical intermediates, additives, and consumer protection solutions. These offerings serve a wide array of sectors, such as automotive, construction, agriculture, and electronics. The company is renowned for its commitment to excellence and sustainability across its diverse product portfolio, delivering value and performance to customers worldwide.
LANXESS demonstrates its strong commitment to sustainability, a fact underscored by its recognition in the Dow Jones Sustainability Index (DJSI) for both the global and European regions. This acknowledgment highlights LANXESS’s steadfast dedication to environmental and social responsibility, positioning it as a leading player in sustainable practices within the industry. The company’s consistent presence in the DJSI showcases its ongoing efforts and achievements in integrating sustainability into its core business strategies.
Pioneering innovation, unwavering commitment to quality, and a steadfast dedication to sustainability have solidified LANXESS’s position as a frontrunner in the specialty chemicals sector. The company’s proactive approach drives continual advancements, ensuring it remains at the forefront of meeting the ever-changing needs of its global clientele and diverse industries.