LANXESS with strong third quarter of 2021

Sales up 33.5 percent year-on-year at EUR 1.951 billion

05-Nov-2021 - Specialty chemicals company LANXESS holds its own also in a challenging environment: Despite a sharp rise in raw material, energy and freight costs, EBITDA pre exceptionals in the third quarter of 2021 increased by 44.0 percent to EUR 278 million, against EUR 193 million in the prior-year ...

bp and LANXESS join forces on renewable raw materials for plastics production

14-Oct-2021 - Specialty chemicals company LANXESS and energy company bp are entering into a strategic partnership for the use of sustainable raw materials in high-tech plastics production. bp will supply sustainably produced cyclohexane to the LANXESS’ production site in Antwerp, Belgium, starting in the ...

LANXESS to acquire IFF’s microbial control business

Strengthening the specialty chemicals portfolio: expansion of the growth areas disinfection, personal care and material protection

25-Aug-2021 - LANXESS is taking another big step on its growth course: the specialty chemicals company intends to take over the microbial control business of the U.S. group International Flavors & Fragrances Inc. (IFF). Both companies signed a corresponding agreement on August 23, 2021. IFF Microbial Control ...

LANXESS expands capacity for light-color sulfur carriers

Production capacity of extreme pressure additives for the lubricants industry to be expanded by 2023

13-Aug-2021 - LANXESS is expanding its production capacity for light-color sulfur carriers at its Mannheim site by several kilo tons. The specialty chemicals company is investing a double-digit million amount to expand the facilities in response to growing demand. The additional volumes are expected to be ...

LANXESS raises guidance for fiscal 2021 again

Significant increase in sales and earnings

12-Aug-2021 - Following a good second quarter, LANXESS has again raised its guidance for the full year 2021. The specialty chemicals company now expects EBITDA pre exceptionals to be between EUR 1 billion and EUR 1.05 billion. The guidance also reflects the acquisition of Emerald Kalama Chemical, which was ...

LANXESS: Michael Ertl to be heading the Inorganic Pigments business unit

Ertl succeeds Holger Hueppeler

10-Aug-2021 - Michael Ertl (54) will take over as head of the Inorganic Pigments (IPG) business unit at LANXESS with immediate effect. He will be responsible for the specialty chemicals company’s global business with inorganic color pigments, which are used primarily in the construction industry. Ertl succeeds ...

LANXESS completes acquisition of Emerald Kalama Chemical

Second-largest acquisition in company’s history enhances range of consumer protection products

09-Aug-2021 - LANXESS completed the acquisition of Emerald Kalama Chemical. The U.S.-based company is a world-leading manufacturer of specialty chemicals. LANXESS signed a purchase agreement on February 14, 2021. All required regulatory approvals have been received. LANXESS financed the purchase price of ...

LANXESS completes sale of its organic leather chemicals business

03-Jun-2021 - Specialty chemicals company LANXESS completed the sale of its organic leather chemicals business to TFL Ledertechnik GmbH on June 1, 2021. TFL is a global supplier of leather chemicals and a portfolio company of US investment firm Black Diamond Capital Management, L.L.C. All relevant antitrust ...

LANXESS raises guidance for fiscal year 2021

Q1 2021 marked by strategic growth

12-May-2021 - LANXESS is raising its guidance for the full year 2021 following a good first quarter: The specialty chemicals company now expects EBITDA pre exceptionals of between EUR 950 million and EUR 1 billion. Previously, the company had assumed earnings of between EUR 900 million and EUR 1 billion. At ...

LANXESS enters battery chemistry business

Electrolyte production for lithium-ion batteries in Leverkusen, Germany

06-Apr-2021 - LANXESS enters the field of battery chemistry by cooperating with Guangzhou Tinci Materials Technology Co. (Tinci), a leading global manufacturer of lithium-ion battery materials. Starting already next year, LANXESS will produce electrolyte formulations for lithium-ion batteries under the ...