Rhein Chemie increases prices for lubricant oil additives
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% effective August 15.
In a press release, Rhein Chemie said that the “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 metalworking and hydraulic fluids and turbine, compressor and industrial gear oils.
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 €332 million (US$409.9 million). The company is headquartered in Mannheim, Germany, and has production facilities in Europe, Asia and North and South America.