LANXESS raises guidance for 2015 again and presents new strategy
Following a strong third quarter, specialty chemicals company LANXESS has continued to achieve solid business development, with its realignment plans progressing faster than expected.
Appointment of Hubert Fink to the Board of Management
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.
LANXESS and Saudi Aramco create world-leading joint venture for synthetic rubber
The world’s largest producer of synthetic rubber and the world’s largest oil and energy producer enter strategic alliance
LANXESS raises guidance for 2015 following a strong second quarter
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
LANXESS exceeds market expectations with strong second quarter 2015
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
LANXESS presents first results of realignment to shareholders
Three-phase realignment delivers first savings / EBITDA pre exceptionals in fiscal 2014 improves by nearly 10 percent / Dividend proposal of EUR 0.50
LANXESS: Realignment taking effect
Sales in the first three months 2015 nearly stable at EUR 2.038 billion / EBITDA pre exceptionals up nearly 12 percent in the first quarter of 2015 to EUR 229 million / First-quarter net income came in at EUR 22 million
LANXESS starts production at its new EPDM plant in China
Premium grades of EPDM tailored to Asian customer needs / Gradual ramp-up of new plant / Nameplate capacity of 160,000 metric tons per year
LANXESS improves earnings in fiscal 2014 and drives realignment forward rapidly
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
Personnel changes on LANXESS’ Supervisory Board and Board of Management
Altana CEO Dr. Matthias Wolfgruber and Deutsche Post board member Lawrence A. Rosen to be proposed as new members of the Supervisory Board / Michael Pontzen to be new Chief Financial Officer
LANXESS to maintain a constant dividend
Specialty chemicals company LANXESS intends to pay a dividend constant with that of the prior year.
LANXESS: Earnings for fiscal year 2014 exceed expectations
Specialty chemicals company LANXESS expects EBITDA pre exceptionals to be higher than previously anticipated for the fourth quarter and therefore for the fiscal year 2014.
LANXESS merges Treasury and Investor Relations
Oliver Stratmann will head the new Group Function Treasury & Investor Relations (TIR) / Christoph Koch, current Head of the Group Function Treasury, leaves the company
LANXESS records solid third quarter 2014 and implements first phase of realignment
Annual savings of EUR 150 million from the end of 2016 / Planned reduction of approximately 1,000 positions worldwide by the end of 2016 / Exceptional charges of EUR 150 million through the end of 2016
LANXESS strengthens high-tech plastics production in USA
USD 15 million investment in Gastonia, NC / Second production line expected to start up early 2016 / Growing demand for lightweight plastics in U.S. auto market
LANXESS pressing ahead with realignment, consolidating business units
Three-phase realignment program defined / Number of business units to be reduced from 14 to 10 / Administrative functions to be consolidated
