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)
Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.
