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LANXESS acquires Brazilian biocide manufacturer

03-Dec-2019

Specialty chemicals company LANXESS has acquired Itibanyl Produtos Especiais Ltda. (IPEL). The family-run company with headquarters in Jarinu, São Paulo, is one of Brazil’s leading biocide manufacturers and generated sales in the lower double-digit million euro range in 2018. Both companies ...

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LANXESS to become climate neutral by 2040

Research focusing on climate neutral process and technology innovations

14-Nov-2019

Specialty chemicals company LANXESS has set itself an ambitious climate protection target. By 2040, the Group intends to become climate neutral and eliminate its greenhouse gas emissions from around 3.2 million metric tons of CO2e today. Already by 2030, LANXESS aims to cut its emissions by 50 ...

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LANXESS with stable development also in third quarter

Realignment of organometallics business

13-Nov-2019

Specialty chemicals company LANXESS performed well again in the third quarter of 2019 – despite further deterioration of the economic environment. As expected, earnings in the third quarter were only slightly weaker than in the previous year. At EUR267 million, EBITDA pre exceptionals was 3.6 ...

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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 ...

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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 ...

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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. ...

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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 ...

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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 ...

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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 ...

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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 ...

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