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Specialty chemicals company LANXESS has successfully completed the acquisition of U.S. company Chemtura, one of the world’s leading suppliers of flame retardant and lubricant additives, earlier than originally expected effective April 21, 2017.
Specialty chemicals company LANXESS continues to target growth. During the next three years, its business unit Advanced Industrial Intermediates will be investing some EUR 100 million in expanding production facilities for chemical intermediates.
In fiscal 2016, specialty chemicals company LANXESS successfully advanced its transformation, underscoring this with strong performance data. EBITDA pre exceptionals increased by 12.4 percent to EUR 995 million, compared with EUR 885 million a year earlier.
Specialty chemicals company LANXESS (FRA: LXS) has taken a significant step forward in the planned acquisition of U.S. chemical company Chemtura (NYSE: CHMT). Chemtura’s shareholders approved the merger at a special meeting in Philadelphia, United States.
Specialty chemicals company LANXESS has received several accolades from the international investors’ initiative, the Carbon Disclosure Project (CDP).
LANXESS announced today that it has successfully placed two Euro benchmark bonds on the European capital market for the financing of the planned acquisition of the US-based specialty chemicals group Chemtura.
LANXESS (FRA: LXS) reaches the next milestone on its growth path: The specialty chemicals company announced plans to acquire US-based Chemtura Corporation (NYSE: CHMT), one of the major global providers of high-quality flame retardant and lubricant additives.
Specialty chemicals company LANXESS will be included in the Dow Jones Sustainability Index (DJSI) World for the sixth time in succession from September 19, 2016.
Specialty chemicals company LANXESS closed the acquisition of the Clean and Disinfect business of U.S.-based chemicals company Chemours on August 31, 2016. All relevant antitrust authorities have approved the transaction.
At this year’s Annual Stockholders’ Meeting, specialty chemicals company LANXESS was able to look back on a successful fiscal 2015 which saw the company drive forward with its realignment program.
Following a good first quarter, specialty chemicals company LANXESS has raised its earnings forecast for fiscal 2016. The company now expects to achieve EBITDA pre exceptionals within a corridor of EUR 900 million and EUR 950 million.
Specialty chemicals company LANXESS is increasing its pension plan assets in Germany by EUR 200 million, thereby significantly reducing its pension provisions.
Specialty chemicals company LANXESS is expanding its portfolio of material protection products by taking over the Clean and Disinfect business of US-based chemical company Chemours.
Earlier today (April 1, 2016), specialty chemicals company LANXESS and Saudi Aramco have completed the formation of their 50-50 joint venture for synthetic rubber, ARLANXEO.
Specialty chemicals company LANXESS and Saudi Aramco are pleased to announce the members of the Executive Board of ARLANXEO, their previously announced 50:50 synthetic rubber joint venture.
EBITDA pre exceptionals increases by 9.5 percent to EUR 885 million / EBITDA margin improves from 10.1 to 11.2 percent / Net income advances substantially to EUR 165 million / Sales level with the prior year at around EUR 7.9 billion / Proposed dividend 20 percent higher at EUR 0.60 per share