Specialty chemicals company LANXESS is raising prices for its inorganic pigment products with immediate effect. The increase amounts to up to 20 percent.

This move comes in response to significantly higher costs in particular for energy, critical raw materials, and logistics amid ongoing geopolitical tensions.

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.

Customers will be contacted individually regarding the specifics of the price increase as it applies to their products or regions.