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LANXESS wins Responsible Care competition 2019 of German Chemical Industry Association (VCI)
30-Sep-2019
Specialty chemicals company LANXESS received on September 26 the first prize in the nationwide Responsible Care competition from the German Chemical Industry Association (VCI). The company submitted the project “Resource-efficient manufacturing of leather chemicals” (ReeL). Responsible Care is ...
LANXESS inaugurates high-tech plastics plant in China
26-Sep-2019
Specialty chemicals company LANXESS officially inaugurated its new plant in Changzhou, China, on September 25, 2019. The compounding facility produces Durethan- and Pocan-branded high-tech plastics, especially for the automotive sector and the electrical and electronics industry. “This facility ...
LANXESS to sell its chrome chemicals business
13-Aug-2019
Specialty chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. Both companies signed a respective agreement. The transaction is still subject to approval by the relevant antitrust authorities. LANXESS expects to complete ...
Bayer and LANXESS to sell their stakes in Currenta
07-Aug-2019
Bayer and LANXESS sell their stakes in the chemical park operator Currenta to funds managed by Macquarie Infrastructure and Real Assets (MIRA). Both companies signed corresponding agreements with MIRA on August 6, 2019. The transaction still requires the approval of the responsible authorities. ...
LANXESS remains on track after a stable second quarter
Net income increased to EUR 100 million
05-Aug-2019
Specialty chemicals company LANXESS is on track despite the weaker economy and geopolitical uncertainties and can look back on a stable second quarter. EBITDA pre exceptionals declined only slightly by 1.4 percent to EUR 286 million, nearly reaching the figure of the strong prior-year quarter of ...
LANXESS new high performance prepolymers production up and running in Brazil
01-Jul-2019
Specialty chemicals company LANXESS has started the production of high performance prepolymers at its site in Porto Feliz, Brazil. With this measure, the Urethane Systems business unit is expanding its production capacity for prepolymers. In addition, application development and technical ...
Anno Borkowsky appointed to the LANXESS Board of Management
Reorganization of the Additives business units
15-May-2019
The Supervisory Board of LANXESS AG has appointed Anno Borkowsky (60) to the Board of Management of the specialty chemicals company, effective June 1, 2019. In his new role, Borkowsky, who holds a doctorate in chemistry, will take responsibility for the Specialty Additives segment. Currently, he ...
LANXESS: Stable business development in the first quarter of 2019 despite economic downturn
14-May-2019
Specialty chemicals company LANXESS has made a solid start to the new fiscal year despite the weakening economy. In the first quarter of 2019, EBITDA pre exceptionals rose by 1.9 percent to EUR 275 million compared with EUR 270 million in the strong previous-year quarter. The main reasons for ...
LANXESS to deploy artificial intelligence in product development
Partnership with materials AI start-up
09-May-2019
LANXESS is set to break new ground when it comes to the development of customer-specific high-performance plastics. By deploying artificial intelligence (AI), the specialty chemicals company is looking to drastically cut the amount of time it takes to develop new materials. For this, LANXESS has ...
LANXESS significantly expands benzyl alcohol capacity
19-Mar-2019
Specialty chemicals company LANXESS is expanding its production capacity for the industrial chemical benzyl alcohol for the global market by around 30 percent. The two-stage expansion of the plant at the German site in Krefeld-Uerdingen is scheduled for completion by the end of 2019. A low ...
