Tag: LANXESS

LANXESS expands Rhenodiv® production at Jhagadia site

Mumbai / Jhagadia, 13 March 2023 – Specialty chemicals company, LANXESS laid the foundation stone for its Business Unit Rhein Chemie’s new and upcoming production line for Rhenodiv® – New Technology Release agents at its Jhagadia site. With this facility, the business unit will serve the growing demand of the Indian Tire & Rubber goods market. The new production line will feature state-of-the-art equipment and technology, allowing LANXESS to produce high-quality technology tire release agents more efficiently. Currently, LANXESS has such a facility in Argentina. Once this facility becomes operational…

Read More

LANXESS increases sales and earnings significantly in fiscal year 2022

Sales up 32.6 percent year-on-year at EUR 8.088 billion EBITDA pre exceptionals increase 14.1 percent to EUR 930 million Acquired Consumer Protection businesses make positive contribution Dividend proposal for fiscal year 2022: EUR 1.05 per share Guidance for fiscal year 2023: Earnings expected to be at the 2022 level Guidance for Q1 2023: EBITDA pre exceptionals of EUR 180 million to EUR 220 million expected In an environment characterised by many upheavals, LANXESS closed fiscal year 2022 successfully. The specialty chemicals company’s sales and earnings have increased significantly. Group sales…

Read More

Advent International and LANXESS announce future global business structure and designated management team members for envisaged High Performance Engineering Materials joint venture

Following the announcement of Calum MacLean as CEO-designate, Advent International (“Advent”) and LANXESS AG (“LANXESS”) announce the envisaged global business structure and designated extended management team of the envisaged High Performance Engineering Materials joint venture (“JV”).Upon closing of the transaction, the JV will be organized into three global business divisions: Performance Materials (comprising DEM Performance Polymers and HPM Engineering Plastics), Specialty Materials (comprising DEM Specialties and HPM Tepex), and Intermediates (comprising HPM Intermediates and DEM Polymer & Films). This structure will take into consideration the specific market characteristics and management…

Read More

LANXESS makes Siemens a Global Alliance Partner

LANXESS makes Siemens a Global Alliance Partner

Mumbai, February 5, 2022 – LANXESS is securing strong support on its growth path and intensifying its long-standing cooperation with Siemens. The companies have now signed a contract for the procurement of technical goods for the global production facilities of the specialty chemicals company. From now on, Siemens will supply LANXESS not only with digital control systems and software but also with motor control centers and fire detection systems, among other things, at globally uniform conditions. The contract, which will initially run for five years, covers an order volume in the…

Read More