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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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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 ...

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LANXESS achieves strong result in 2018 and makes a solid start to the new fiscal year

Net income increased significantly to EUR 431 million

15-Mar-2019

LANXESS closed its fiscal year with a strong result. In 2018, EBITDA pre exceptionals increased by 9.8 percent to EUR 1.016 billion. As forecast, earnings are at the upper end of the range of 5 to 10 percent above the previous year’s figure of EUR 925 million (without ARLANXEO). “Despite rising ...

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LANXESS invests in production for ion exchange resins in Leverkusen, Germany

Investment of seven-figure EUR amount

12-Nov-2018

Specialty chemicals company LANXESS is investing in its ion exchange resin production facility at the Leverkusen, Germany, site. The company is optimizing its process technology and operating efficiency for a seven-figure EUR amount. The project is scheduled for completion in the first half of ...

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