May 15, 2012 | Press Releases, Financial & Business
LANXESS in top form at the Annual Stockholders’ Meeting 2012
Positive full-year forecast confirmed / R&D spending to rise by 40 percent this year / “Green Mobility” driving growth
May 09, 2012 | Press Releases, Financial & Business
LANXESS continues on growth path
LANXESS has made a promising start to the business year 2012. The specialty chemicals company increased EBITDA pre exceptionals by nearly 15 percent year-on-year to EUR 369 million in the first quarter.
LANXESS inaugurates new formalin plant in Krefeld-Uerdingen
Specialty chemicals company LANXESS, the largest employer at the Krefeld CHEMPARK, has officially opened a new formalin production plant at its Krefeld-Uerdingen site.
April 18, 2012 | Press Releases, Trade & Technical Press, Financial & Business
LANXESS strengthens ties with Asian automotive customers
New high-tech plastics application development center in Hong Kong / LANXESS showcasing latest solutions to drive Green Mobility at Chinaplas 2012
March 22, 2012 | Press Releases, Financial & Business
LANXESS on course for further growth after record earnings
Sales rose by 23 percent to EUR 8,775 million / EBITDA pre exceptionals climbed by 25 percent to EUR 1,146 million
March 14, 2012 | Press Releases, Financial & Business, Performance Chemicals, Rhein Chemie
LANXESS acquires U.S. bladder producer TCB
LANXESS is strengthening its position as a premium supplier to the tire industry. The specialty chemicals company’s wholly-owned subsidiary Rhein Chemie has acquired USA-based Tire Curing Bladders LLC (TCB) – a leading manufacturer of bladders for the tire industry.
LANXESS to break ground in Singapore for world’s largest Nd-PBR plant in September
LANXESS will break ground for its new neodymium polybutadiene rubber (Nd-PBR) plant in Singapore on September 11 this year. The German specialty chemicals company plans to invest roughly EUR 200 million (about SGD 340 million) in a 140,000 metric tons per annum facility in Jurong Island Chemical Park.
LANXESS to invest EUR 40 million at Newcastle site in South Africa
New CO2 concentration unit supports future growth of Sodium Dichromate production / CO2 emissions to be cut down by 25 percent / Further strengthening of LANXESS value creation chain in South Africa
LANXESS strengthens commitment to renewable raw materials with investment in BioAmber
LANXESS is strengthening its commitment to renewable raw materials by investing USD 10 million in U.S. company BioAmber, Inc., based in Minneapolis, Minnesota, U.S., as part of a private placement.
LANXESS invests EUR 20 million in aromatics network
Specialty chemicals company LANXESS is expanding cresol production at the Leverkusen site once again. It plans to further increase capacity for this high-quality intermediate for the global market by some 20 percent by mid 2013.
February 08, 2012 | Press Releases, Financial & Business
LANXESS places bond in Hong Kong
German specialty chemicals company LANXESS has successfully placed a Chinese offshore Renminbi (CNH) denominated bond in Hong Kong as part of its existing Debt Issuance Program.
January 31, 2012 | Press Releases, Financial & Business, Trade & Technical Press
LANXESS expands Jhagadia site to serve booming Indian market
LANXESS is continuing to expand its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group is underlining its commitment to the subcontinent by inaugurating three new plants this month to serve the growing India market. LANXESS has invested over EUR 70 million and created roughly 300 new jobs at the site.
LANXESS: Sales in Greater China targeted to exceed EUR 1 billion in 2012
LANXESS is continuing to focus on the growing Chinese market and is targeting sales of more than EUR 1 billion there in 2012.
LANXESS pioneering high-performance rubber for ‘Green Tires’ in Japan and South Korea
LANXESS will be underlining its status as a premium supplier of high-performance rubber to the tire industry at its first-ever Rubber Days in Japan and South Korea this week. The world’s largest synthetic rubber company is a key supplier of Nd-PBR and SSBR rubbers to leading tire manufacturers from both countries. Both products are essential in the production of ‘Green Tires’ that are more fuel efficient, safer and durable than standard tires.
LANXESS acquires U.S. biocide specialist Verichem
LANXESS is strengthening its portfolio of biocides with the acquisition of Verichem Inc. based in Pittsburgh, Pennsylvania. As a result, the German specialty chemicals company will significantly bolster its position in the U.S. material protection market and broaden its global biocide manufacturing network. Both parties have agreed not to disclose financial details.
LANXESS on track for record year
LANXESS achieved a record third quarter in 2011 due to ongoing strong demand especially for its synthetic rubbers and high-tech plastics. The German specialty chemicals company also reiterated its full-year outlook for EBITDA pre exceptionals to grow about 20 percent year-on-year and thus exceed the EUR one billion mark for the first time in the company’s history.
LANXESS expands portfolio with bio-based plasticizers
LANXESS is strengthening its commitment to renewable raw materials. The German specialty chemicals company aims to produce phthalate-free plasticizers from bio-based succinic acid from 2012 onwards. Its strategic partner is the U.S. company BioAmber, Inc., based in Minneapolis, Minnesota.
October 12, 2011 | Press Releases, Financial & Business, Performance Chemicals, Functional Chemicals
LANXESS strengthens global phthalate-free plasticizer portfolio
LANXESS is strengthening its global asset base and product portfolio for premium, environmentally-friendly phthalate-free plasticizers. The specialty chemicals company has agreed to acquire UNITEX Chemical Corporation located in Greensboro, North Carolina.
LANXESS strengthens commitment to Brazilian automotive sector
LANXESS is strengthening its commitment to Brazil with three major new investments totaling roughly EUR 30 million, or R$ 75 million, which will create more than 100 jobs.
September 29, 2011 | Press Releases, Financial & Business
LANXESS appoints new Head of Controlling
The specialty chemicals group LANXESS has appointed a new Head for its Controlling department. As of January 1, 2012, Michael Pontzen, currently Head of Corporate Finance within the Group Function Treasury, will take over from Joachim Christ, who is leaving LANXESS at his own request on December 31, 2011.
