LANXESS invests EUR 20 million in aromatics network
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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.
2012-02-08 | Press Releases, Financial & Business
LANXESS places bond in Hong Kong
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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.
2012-01-31 | Press Releases, Financial & Business, Trade & Technical Press
LANXESS expands Jhagadia site to serve booming Indian market
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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
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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
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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
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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.
2011-11-10 | Press Releases, Financial & Business, Trade & Technical Press, Standorte national
LANXESS on track for record year
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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
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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.
2011-10-12 | Press Releases, Financial & Business, Performance Chemicals, Functional Chemicals
LANXESS strengthens global phthalate-free plasticizer portfolio
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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
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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.
2011-09-29 | Press Releases, Financial & Business
LANXESS appoints new Head of Controlling
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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.
LANXESS to expand its operations in the Netherlands
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LANXESS is investing EUR 12 million to convert 50 percent of its ethylene propylene diene monomer (EPDM) synthetic rubber production in Geleen, the Netherlands, to innovative Keltan ACE technology. During 2013, the German specialty chemicals company will implement the new technology at the largest of its three production lines, which accounts for half of the total production capacity of 160,000 metric tons per year in Geleen.
LANXESS well equipped for the imminent boom in demand for "green tires"
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Specialty chemicals company LANXESS expects a boost in demand for high-performance rubbers due to the European Union tire labeling legislation that comes into effect in 2012.
2011-09-16 | Press Releases, Financial & Business, Trade & Technical Press, Standorte national
LANXESS opens new chemical plant for water technology in Bitterfeld
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Specialty chemicals company LANXESS has inaugurated a new chemical plant for membrane filtration technology for water treatment at its site in Bitterfeld.
2011-09-09 | Press Releases, Financial & Business
LANXESS included in prominent global sustainability index
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As of September 19, 2011, specialty chemicals company LANXESS will be listed for the first time in the Dow Jones Sustainability Index (DJSI) World, a prominent global sustainability index. The DJSI is compiled once a year according to economic, ecological and social criteria.
LANXESS invests EUR 15 million in its glass fiber plant in Antwerp
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LANXESS is investing EUR 15 million in its glass fiber plant in the Antwerp docklands. For the specialty chemicals company glass fibers are a key intermediate for the production of high-tech plastics. With the expansion, the actual annual capacity of 60,000 metric tons will increase by 10 percent.
2011-08-11 | Press Releases, Financial & Business
LANXESS raises guidance after record Q2
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LANXESS has lifted its full-year guidance for 2011 after achieving record results in the second quarter. The specialty chemicals company now expects EBITDA pre exceptionals to grow about 20 percent year-on-year.
2011-08-10 | Press Releases, Financial & Business, Standorte national
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At its meeting today, the Supervisory Board of LANXESS AG appointed Dr. Axel C. Heitmann (51) as Chairman of the Board of Management of LANXESS AG for a further five years.
LANXESS steps up commitment to China through local investments
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LANXESS is strengthening its commitment to serve the growing Chinese market with premium products by making a number of local investments totaling more than EUR 40 million.
LANXESS and Chinese tire company Triangle strengthen partnership
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German specialty chemicals company LANXESS and one of China’s largest tire companies Triangle Group have further strengthened their long-term partnership. Both companies have signed an agreement under which LANXESS will supply Triangle with premium halobutyl rubbers from 2012 to 2014.
