This price increase is made necessary by the stark increases in raw material costs along with strongly rising energy and logistics charges, the company said in a press release.

Rhein Chemie markets additives for a variety of industrial lubricants, including metalworking and hydraulic fluids, turbine, compressor and industrial gear oils. The additives and formulations improve high-pressure resistance, reduce mechanical wear and increase corrosion protection and oxidation resistance – individually or as additive packages.

Based in Mannheim, Germany, Rhein Chemie is a wholly owned subsidiary of specialty chemicals group Lanxess, which is headquartered in Leverkusen, Germany.

Albemarle of Baton Rouge, La., increased prices globally $1 per kg on shipments of Ethanox 4782J and 4727J antioxidants. The antioxidants enhance the stability, improve the performance and extend the storage life of lubricants.

Oxea of Oberhausen, Germany, will increase off-list prices effective Sept. 1 on two types of solvents by 5 cents per pound in the United States, Canada and Mexico, and by $110 per metric ton in South and Central America.