Specialty chemicals company LANXESS is raising its prices for adipic acid with immediate effect. The increase amounts to an average of EUR 100 per ton and applies worldwide. This decision reflects the ongoing, cumulative cost increases. These include significantly higher raw material costs. Despite intensive efforts to mitigate cost increases and maintain stable prices, an adjustment is necessary to ensure the long-term reliability and sustainability of supplies.
LANXESS reported sales of EUR 6.4 billion in 2024. The company currently has about 11,800 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives and consumer protection products. LANXESS has achieved leading positions in the Dow Jones Best-in-Class Index and the MSCI ESG and ISS ESG ratings, among others, for its commitment to sustainability.”
