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434 Current news of Lanxessrss
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Investment of EUR 30 million on strong market demand
LANXESS will expand its production network in China: The specialty chemicals company will build a second compounding line for Durethan- and Pocan-branded high-tech engineering plastics at its manufacturing site in Changzhou. An important investment of around EUR 30 million will increase the ...
Sales up 33.5 percent year-on-year at EUR 1.951 billion
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 ...
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 ...
Strengthening the specialty chemicals portfolio: expansion of the growth areas disinfection, personal care and material protection
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 ...
Production capacity of extreme pressure additives for the lubricants industry to be expanded by 2023
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 ...
Significant increase in sales and earnings
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 ...
Ertl succeeds Holger Hueppeler
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 ...
Second-largest acquisition in company’s history enhances range of consumer protection products
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 ...
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 ...
Q1 2021 marked by strategic growth
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 ...