Rhein Chemie increases prices for lubricant oil additives
Wednesday, 08. August 2012 Rhein Chemie Rheinau GmbH, a wholly owned subsidiary of specialty chemicals company LANXESS, is increasing the price for its ADDITIN lubricant oil additives by an average of 8.0 percent effective August 15, 2012.
Mannheim, August 8, 2012 – Rhein Chemie Rheinau GmbH, a wholly owned subsidiary of specialty chemicals company LANXESS, is increasing the price for its ADDITIN lubricant oil additives by an average of 8.0 percent effective August 15, 2012.
This price increase is made necessary by the stark increase in raw material costs along with strongly rising energy and logistics charges.
Under the brand name Additin, Rhein Chemie markets solutions for a wide variety of industrial lubricants, including additives for metal-working and hydraulic fluids and turbine, compressor and industrial gear oils. Customized high-performance additives and formulations in the Additin product portfolio improve high-pressure resistance, reduce mechanical wear and increase both corrosion protection and oxidation resistance – individually or as additive packages.
About Rhein Chemie
Rhein Chemie develops, produces and sells additives, specialty chemicals and service products for the rubber, lubricant and plastics industries. In fiscal 2011 Rhein Chemie achieved sales of EUR 332 million and has approximately 1,100 employees worldwide. The company is headquartered in Mannheim, Germany and has production facilities in Europe, Asia and North and South America. Rhein Chemie is a wholly owned subsidiary of the specialty chemicals group LANXESS, Leverkusen, Germany.
Mannheim, 08. August 2012
bit (2012-08-814 EN)
This news release contains forward-looking statements based on current assumptions and forecasts made by the management of Rhein Chemie Rheinau GmbH. 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 our sole stockholder LANXESS Deutschland GmbH and the estimates given here. These factors include those discussed in LANXESS AG’s reports to the Frankfurt Stock Exchange. LANXESS AG and Rhein Chemie Rheinau GmbH assume no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.