IHS Chemical Week

Chemical Week Magazine :: Pharmaceuticals & Fine Chemicals

Higher Raw Material and Energy Costs Spur Significant Price Hikes

1:35 PM MDT | June 30, 2008 | Alex Scott in Munich

Rising energy and raw material costs as well as product quality issues are forcing some pharma industry suppliers to implement significant price increases, several fine and specialty chemical firm executives told CW at Chemspec Europe, held earlier this month at Münich. Lanxess says it is implementing across-the-board price increases, citing higher energy and raw material costs. The company’s customers “understand the situation,” as they are well-aware of rising fuel costs, says Torsten Hauschild, head of marketing for Lanxess’s basic...

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