LANXESS: Flavors & Fragrances business unit announces global price increase
Mumbai, March 30, 2022 – The Flavors & Fragrances (F&F) business unit of specialty chemicals company LANXESS is increasing prices worldwide for its entire portfolio of preservatives, benzoates, intermediates, aroma chemicals and multifunctional with immediate effect. Customers will be contacted individually regarding the specifics of the measure as it applies to their products or regions.
The reasons for the adjustments are, in particular, unprecedented challenges with a significant impact on logistics and production. Fragile supply chains, dramatically increased raw material and energy costs – not least as a result of the war in Ukraine with oil and gas prices at record levels – bring significant consequences for the entire supply chain.
Offerings from F&F are primarily used to provide flavor, fragrance, shelf life and essential performance characteristics in a wide variety of consumer products, such as food, beverages, cosmetics, cleaners, detergents, pharmaceuticals and animal feed.