Germany. Lanxess announces a 15% increase in the prices of its yellow iron oxide pigments of the Bayferrox and Colortherm brands, effective immediately.
The company indicates in a press release that the decision was made because of the "increase in operating costs", although it notes that existing contracts for the delivery of this input "will not be affected".
The Lanxess Inorganic Pigments business unit is the world's largest manufacturer of iron oxide pigments, with production sites on five continents, which offer a high level of quality in their chemical and physical properties, especially natural strength and color consistency.
Source: Lanxess.
