LANXESS subsidiary Perlon-Monofil to raise prices worldwide

Besides, LANXESS increases prices for Durethan in EMEA

Leverkusen – Owing to continued steep rises in energy and raw material costs, from April 1, 2012, Perlon-Monofil GmbH is to raise its prices worldwide for synthetic monofilaments by at least EUR 0.20 per kilogram depending on the field of application and grade. 

Perlon-Monofil GmbH is one of four sections belonging to the Semi-Crystalline Products (SCP) business unit of specialty chemicals group LANXESS. It manufactures an extensive range of polyamide and polyester monofilament products for a wide variety of applications, and markets them worldwide under the brand names Perlon, Atlas and Bayco. The plastic wires are used for the production of durable technical fabrics, cords and ropes with outstanding dimensional stability and high strength. Typical applications include rope manufacture, sports fishing, the paper and sports goods industries, and fences, bracings and guy ropes in agriculture. Products from Perlon-Monofil are noted for their weather resistance, strength, elongation properties, load-bearing capacity and overall resistance properties.

In addition, SCP is to increase its prices in Europe, the Middle East and Africa for Durethan (Polyamide 6 and 6.6) by EUR 0.15 per kilogram effective April 1, 2012. The high-performance plastics of the Durethan range are used in numerous applications in the automotive, electrical/electronics and household industries. 

The SCP business unit is part of LANXESS’ Performance Polymers segment, which achieved total sales of EUR 5,059 million in fiscal 2011.

LANXESS is a leading specialty chemicals company with sales of EUR 8.8 billion in 2011 and currently around 16,500 employees in 30 countries. The company is at present represented at 48 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.

Leverkusen, 	March 26, 2012
kaw		(2012-00032e)

Forward-Looking Statements.
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Information for editors:
All LANXESS news releases and their accompanying photos can be found at http://press.lanxess.com. Recent photos of the Board of Management and other LANXESS image material are available at http://photos.lanxess.com. The latest TV footage, audiofiles and podcasts can be found at http://multimedia.lanxess.com.

You can find further information concerning LANXESS chemistry in our WebMagazine at http://webmagazine.lanxess.com.