LANXESS to expand global capacity of high-performance rubber
Expansion at German, American and Brazilian sites / Additional 50,000 metric tons per annum / Total investment of EUR 20 million / Strong demand for high-performance tires / New EU tire labeling legislation from 2012 to boost demand
LANXESS: new Jhagadia site up and running
Successful start up of rubber chemicals plant / Construction of ion exchange resins plant on schedule / Indian domestic market driving demand for high-quality chemical products
LANXESS to build new formalin facility at its Krefeld-Uerdingen site
Investment of EUR 18 million to expand Basic Chemicals business unit / Commissioning scheduled for late 2011 / Process optimization and cost savings through in-house production
LANXESS builds new plant in Germany
EUR 30 million invested in new chemical production facility in Saxony-Anhalt / Bitterfeld wins international site competition / 200 new jobs created / Pioneering membrane filtration technology for water treatment / Groundbreaking-Ceremony to mark the start of construction attended by Saxony-Anhalt Economics Minister Reiner Haseloff / LANXESS steps up its strategic water treatment business
LANXESS brings forward new rubber facility project in Singapore
The world’s leading synthetic rubber company LANXESS has brought forward its plans to build a new butyl rubber facility in Singapore. The company will hold a groundbreaking ceremony in May, 2010, and production is expected to start in the first quarter of 2013. The 100,000 tons per annum plant on Jurong Island will require an investment of up to EUR 400 million (575 million USD).
LANXESS streamlines global production network
Divestment of Chinese joint venture stake and U.S. site
LANXESS Q3 earnings exceed forecast
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Q3 sales EUR 1.37 billion, up 11% vs. Q2 / Q3 EBITDA pre exceptionals EUR 143 million, up 28% vs. Q2 / Q3 net income positive at EUR 23 million / Chinese economy driving recovery / “Challenge09-12” generating savings earlier than planned / Outlook: FY EBITDA pre exceptionals EUR 400-420 million
LANXESS successfully places EUR 200 million bond
Seven year term until September 2016 / Coupon of 5.5% p.a.
LANXESS extends tender offer period
Tender offer to buy back up to EUR 250 million of Eurobond from June 2005 extended
LANXESS aims to further optimize financial position
Tender offer to buy back up to EUR 250 million of Eurobond from June 2005 before maturity / New Eurobond will refinance buy back
LANXESS earnings rebound in Q2 2009
Second quarter sales EUR 1.24 billion, up 17% vs. Q1 / Second quarter EBITDA pre exceptionals EUR 112 million, up 70% vs. Q1; guidance was EUR 100-120 million / Net income positive at EUR 17 million / Operating cash flow nearly doubles vs. previous year; / net debt reduced / EUR 360 million cost savings by 2012 through “Challenge09” and “Challenge12” packages / Outlook: Third quarter EBITDA pre exceptionals around Q2 level
Markus Eckert succeeds Bernhard Wehling
New head of Leather business unit from October 1, 2009
LANXESS kicks off new R&D collaboration for rubber
Focus on innovative technology for energy-efficient and environmentally-friendly production of rubber / Project team includes LANXESS, Bayer Technology Services, Technical University Dortmund, University Bonn, Buss-SMS-Canzler / German government gives financial backing / Elements of new technology to be used in large-scale project in Singapore
LANXESS: Production in Singapore to start in 2014
Postponement made necessary by drop in demand/ New technology for the large-scale project/ Bulk order from tire manufacturer Hankook
LANXESS underpins BRIC strategy with two acquisitions in Asia
LANXESS to acquire chemical businesses of Indian company Gwalior Chemical Industries Ltd. for EUR 82.4 million / Assets of mid-sized Chinese company Jiangsu Polyols Chemical Co Ltd. also to be acquired for an undisclosed sum / Acquisitions strengthen Basic Chemicals business unit
