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LANXESS (FRA: LXS) reaches the next milestone on its growth path: The specialty chemicals company announced plans to acquire US-based Chemtura Corporation (NYSE: CHMT), one of the major global providers of high-quality flame retardant and lubricant additives. With the largest acquisition in its history, LANXESS is building on its own additives portfolio and will become one of the world’s major actors in this growing market.
At this year’s Annual Stockholders’ Meeting, specialty chemicals company LANXESS was able to look back on a successful fiscal 2015 which saw the company drive forward with its realignment program.
Specialty chemicals company LANXESS is increasing its pension plan assets in Germany by EUR 200 million, thereby significantly reducing its pension provisions.
Specialty chemicals company LANXESS is expanding its portfolio of material protection products by taking over the Clean and Disinfect business of US-based chemical company Chemours.
Specialty chemicals company LANXESS and Saudi Aramco have announced ARLANXEO, the name of their new joint venture for synthetic rubber.
Following a strong third quarter, specialty chemicals company LANXESS has continued to achieve solid business development, with its realignment plans progressing faster than expected.
The Supervisory Board of LANXESS AG has appointed Dr. Hubert Fink to the Board of Management. Effective October 1, 2015, the number of members of the Board of Management will thus increase from three to four.
The world’s largest producer of synthetic rubber and the world’s largest oil and energy producer enter strategic alliance
New guidance for the full year 2015: EBITDA pre exceptionals expected between EUR 840 million and EUR 880 million / EBITDA pre exceptionals increased by 13 percent to EUR 270 million
EBITDA pre exceptionals estimated to come in at EUR 270 million / Net income expected at EUR 87 million/ Final Q2 results on August 6, 2015
Three-phase realignment delivers first savings / EBITDA pre exceptionals in fiscal 2014 improves by nearly 10 percent / Dividend proposal of EUR 0.50
Premium grades of EPDM tailored to Asian customer needs / Gradual ramp-up of new plant / Nameplate capacity of 160,000 metric tons per year
EBITDA pre exceptionals up nearly 10 percent to EUR 808 million / Net income improved to EUR 47 million / Proposed dividend stable at EUR 0.50 per share