Ciba Specialty Chemicals increases global price for lubricant additives
Ciba specialty chemicals announced a global price increase of approximately 15 percent for lubricant additives. These products are sold into lubricant applications around the world primarily under the trade names Ciba® IRGANOX®, IRGALUBE®, IRGACOR®, IRGAMET® and IRGAFOS®. The price increase is effective immediately or where contracts may allow.
"The price increase is necessary to keep pace with escalating global raw material, energy and logistics costs," said Thomas Engelhardt, head of Ciba Specialty Chemicals' global lubricant additive business.
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