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LANXESS to build new production plant for high-performance plastics in Krefeld-Uerdingen, Germany

Investment volume in the mid double-digit million euro range

21-Sep-2018

LANXESS is continuing to invest in its global production network for high-performance plastics and is building another compounding facility at its Krefeld-Uerdingen site, Germany, for a mid double-digit million euro amount. Starting in the second half of 2019, LANXESS will produce Durethan and ...

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LANXESS plans to sell remaining 50 percent stake in joint venture ARLANXEO

Joint venture valued at EUR 3.0 billion

09-Aug-2018

Specialty chemicals group LANXESS plans to sell its remaining 50 percent stake in ARLANXEO to its joint venture partner Saudi Aramco. The two companies, that founded ARLANXEO in 2016 as a 50:50 joint venture for synthetic rubber, signed a respective agreement. The transaction is still subject to ...

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Following a good second quarter, LANXESS specifies its earnings forecast for 2018

Net income increased very sharply to EUR 126 million

02-Aug-2018

Following a good performance in the second quarter, specialty chemicals company LANXESS has specified its earnings forecast for 2018. The Group now expects an increase of the operating result at the upper end of the guidance of five to ten percent that was presented in May. In the previous year, ...

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LANXESS plans to expand its business with membrane elements in Turkey

Distribution agreement signed with Burkut

02-Aug-2018

The Liquid Purification Technologies (LPT) business unit of the specialty chemicals company LANXESS plans to expand its business with reverse osmosis membrane elements in Turkey. Correspondingly, LPT signed a distribution agreement with the Turkish Burkut INC, Izmir, regarding the sale of ...

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LANXESS strengthens research and development for aqueous polyurethane dispersions

Strategic step to support green technologies and chemistry

13-Jul-2018

Specialty chemicals company LANXESS will open a new applications development and technical services (AD & TS) laboratory for polyurethane dispersions (PUDs) in Latina, Italy. As part of the existing Urethane Systems AD & TS center, the new lab will operate as a standalone facility dedicated to ...

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LANXESS: Frederique van Baarle to head the Procurement and Logistics Group function

21-Jun-2018

Frederique van Baarle (47) will take over as Head of the Procurement and Logistics Group function at specialty chemicals company LANXESS on December 1, 2018. The Dutch native is currently head of the Marketing & Sales Engineering Plastics sector for the EMEA region within the High Performance ...

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LANXESS increases production for prepolymers in Brazil

Investment of single-digit million Euro amount

18-May-2018

Specialty chemicals company LANXESS is building a new, state-of-the-art facility for the production of prepolymers at its site in Porto Feliz, Brazil. The Urethane Systems business unit is investing a single-digit million Euro amount to expand its prepolymer production capacity, which is ...

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LANXESS: Matthias L. Wolfgruber voted in as new Chairman of the Supervisory Board

17-May-2018

Dr. Matthias L. Wolfgruber (64) is the new Chairman of the Supervisory Board of LANXESS AG. At its constituent meeting, the Supervisory Board of the specialty chemicals company elected the doctor of chemistry and former CEO of Altana AG as the successor to Dr. Rolf Stomberg (78), who resigned ...

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LANXESS increases dividend after best-ever fiscal year

Record earnings after successful realignment

16-May-2018

The specialty chemicals company LANXESS looked back on a record year at this year's Annual Stockholders' Meeting. “Last year proved impressively that our strategy is paying off and that we are fully geared up for growth,” stated LANXESS CEO Matthias Zachert to stockholders at Cologne's LANXESS ...

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LANXESS raises its guidance for fiscal year 2018 after strong first quarter

Net income improved by 23 percent to EUR 96 million

04-May-2018

Specialty chemicals company LANXESS has followed up its successful fiscal year 2017 by posting the best quarterly result in its history, and has raised its earnings guidance for 2018. In the opening quarter, global sales rose by almost 7 percent to EUR 2.565 billion, compared with EUR 2.401 ...

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