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Carve-out of LANXESS Fine Chemicals is under way
The Fine Chemicals business unit achieves economic independence next year as a separate legal entity - with a new name, a new alignment and a new business model. "Starting in the second quarter of 2006 we will market our fine chemicals expertise throughout the world under the name Saltigo, which ...
LANXESS Deutschland GmbH will increase its prices in Europe for hydrofluoric acid by twelve percent with immediate effect. This has been caused by the drastic increases in the quotations being offered for the main raw material fluorite, due to limited supplies, and for sulfuric acid and oleum. ...
LANXESS Deutschland GmbH will be increasing the price of hydrazine hydrate and the activated hydrazine hydrate Levoxin® globally by up to Euro 350 per ton - referring to 100 per cent product - with effect from November 1, 2005, or, as contracts allow. The increase is necessary due to a dramatic ...
Investing in the Shanghai and Wuxi sites
From 2006, the chemicals group LANXESS will launch production of high-tech engineering plastics in China. The Semi Crystalline Products Business Unit (SCP) is investing EUR 20 million in new production facilities at the Wuxi site to produce high-tech plastics. The new plant will create up to 100 ...
The Bayer Group has sold the mandatory convertible bond it purchased in September 2004 back to Lanxess AG at a transaction price exceeding the nominal value. The sale of this bond is in line with Bayer's previously stated intent that it would not pursue a strategic interest with respect to ...
The separation of Lanxess AG from the Bayer Group was accomplished on Friday, January 28, 2005 with the entry of the spin-off of the new chemicals group in the commercial register for Bayer AG. This completes the most fundamental restructuring in Bayer AG's history. Bayer will in future ...
The Board of Management of Bayer AG decided that the Lanxess unit, currently operating as a Bayer subgroup, should be spun off to the company's stockholders and listed separately on the stock exchange at the beginning of 2005. The consent of Bayer stockholders to this measure will be sought at an ...
LANXESS, the future company where the Bayer Group will combine almost all areas of its chemicals business and parts of its polymers activities, began operating as an independent unit on July 1, 2004.For the moment the new structure only applies internally. "We've reached an important milestone ...