NewswireToday - /newswire/ -
Leverkusen, Germany, 2011/03/01 - Specialty chemicals company LANXESS is to increase its prices worldwide for acrylic-acid-based leather chemicals effective March 1, 2011, in response to steeply rising raw material costs. FRA: DE Frankfurt: LXS
The price for acrylate binders is to be increased by at least 10 percent while polymer tanning materials will go up by 40 percent. “The price for propylene, the key raw material in the manufacture of acrylates, has increased by more than 30 percent in the past 12 months, while acrylic acids are now 55 percent more expensive. In the medium term there is no obvious cost relief on the raw material side,” said Bianca Verstegen, Global Product Management Finishing in the Leather business unit.
The need for acrylates has surged in the industry owing to increased global demand for coatings, water treatment chemicals and superabsorbent polymers.
In the leather sector, acrylate binders or polyacrylate emulsions are used, for example, in the manufacture of high-grade automotive leather.
LANXESS is one of the few suppliers worldwide to supply products needed in all stages of leather manufacture including inorganic and synthetic tanning materials, preservatives and fatliquoring agents, dyestuffs and tanning and finishing auxiliaries. Detailed information can be found on the Internet at lanxessleather.com/.
The Leather business unit is part of LANXESS’ Performance Chemicals segment, which posted sales of EUR 1,530 million in fiscal 2009.
LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,700 employees in 24 countries. The company is represented at 45 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.