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LANXESS plans to expand capacity for Oxone monopersulfate - a main active ingredient for disinfectants

Significant increase in demand due to African swine fever and corona pandemic

16-Sep-2020

Due to the continuous strong demand for disinfectants, specialty chemicals company LANXESS is planning to expand its production capacity for Oxone monopersulfate by around 50 percent. To this end, the company intends to invest a lower double-digit million euro sum in its production facility in ...

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LANXESS remains robust: Guidance for 2020 confirmed

Consumer Protection benefits from strong demand for agrochemicals and disinfectants

14-Aug-2020

LANXESS is continuing to weather the crisis well and is confirming its forecast for the full year. The specialty chemicals company still anticipates EBITDA pre exceptionals of between EUR800 million and EUR900 million for 2020. In the second quarter of 2020, LANXESS recorded a significant ...

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LANXESS to sell organic leather chemicals business to TFL

TFL will take over all operations of the organic leather chemicals business line from LANXESS with a total of around 460 employees

13-Aug-2020

Specialty chemicals company LANXESS is selling its organic leather chemicals business to TFL Ledertechnik GmbH. TFL is a global supplier of leather chemicals and a portfolio company of US investment company Black Diamond Capital Management, L.L.C. Both companies signed an agreement to this effect ...

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LANXESS realigns water treatment business

Sale of the reverse osmosis membrane business to SUEZ

17-Jul-2020

Specialty chemicals company LANXESS continues to develop its portfolio and is reorganizing its water treatment technologies business: the company will focus on the ion exchange resins business and intends to grow here primarily in markets for high-end applications. As part of this realignment, ...

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LANXESS launches Group initiative for e-mobility

Group wants to further exploit market potential for e-mobility and battery technology

16-Jul-2020

Specialty chemicals company LANXESS is aiming to further strengthen its market position in technologies relating to new mobility: In the future, all activities in this area will be managed by a Group initiative for e-mobility. The new strategy unit will be headed by Philipp Junge (44), currently ...

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LANXESS robust in first quarter of 2020 despite coronavirus crisis

Compensation reduction for Supervisory Board, Board of Management and top management level

06-May-2020

Specialty chemicals company LANXESS proved robust in the first quarter of the year – despite the weak economic environment due to the coronavirus pandemic. Earnings in the new Consumer Protection segment and in the Specialty Additives segment developed positively, significantly mitigating the ...

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LANXESS completes sale of its Currenta stake

04-May-2020

Specialty chemicals company LANXESS April 30, 2020 completed the sale of its 40 percent stake in chemical park operator Currenta to Macquarie Infrastructure and Real Assets (MIRA). Both companies had reached an agreement to this effect in August 2019. LANXESS realized an equity value of EUR 780 ...

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Marcel Beermann to head LANXESS’ Global Procurement and Logistics group function

09-Apr-2020

Marcel Beermann (47) will take over as head of the Procurement and Logistics group function at specialty chemicals company LANXESS on June 1, 2020. He succeeds Frederique van Baarle (48), who will become head of the High Performance Materials business unit on the same date. Beermann is currently ...

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Frederique van Baarle to head LANXESS’ High Performance Materials business unit

12-Mar-2020

Frederique van Baarle (48) will take over as head of the High Performance Materials business unit at specialty chemicals company LANXESS with effect from June 1, 2020. The business unit's portfolio mainly comprises high-performance plastics for the automotive and electronics industries. The Dutch ...

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LANXESS achieves full-year target for 2019 despite challenging environment

Leather business unit reported as a discontinued operation

11-Mar-2020

Specialty chemicals company LANXESS had a successful fiscal year 2019 in an increasingly challenging economic environment. EBITDA pre exceptionals increased by 3.3percent to EUR1.019billion. As guided, the earnings came in roughly in the middle of the range of EUR1.00billion to ...

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