LANXESS funds pensions with EUR 100 million

  • Group-wide pension funding status improves to around 60 percent
  • Safeguarding company pension scheme
Cologne

Specialty chemicals company LANXESS is increasing its German pension plan assets by EUR 100 million. The pension provisions, which amounted to EUR 1.135 billion at the end of the second quarter of 2020, are reduced accordingly. The Group-wide funding status of pension obligations improves from around 56 percent to around 60 percent with this transaction.

“We are again adding to our pension assets in order to further safeguard our company pension scheme. Future-proof pensions for our employees are of great importance to us,” said Michael Pontzen, Chief Financial Officer of LANXESS.

MORE ABOUT THIS TOPIC

PRESS RELEASE
Ion exchange resins of the Lewatit range for manufacturing of ultra pure water

LANXESS ion exchange resins applied in hydrogen production

April 15, 2024
PRESS RELEASE
LANXESS at InCosmetics 2023 in Barcelona

LANXESS presents extensive portfolio for the cosmetics industry

April 04, 2024
PRESS RELEASE
Adiprene Green

Sustainable, high performing systems and additives for the polyurethane industry

March 28, 2024
PRESS RELEASE
The new module of the LewaPlus design software from LANXESS enables the dimensioning of ion exchange systems for food applications.

LANXESS’ LewaPlus design software receives numerous new functions

March 27, 2024
PRESS RELEASE
Since August 1, 2013, specialty chemicals Group LANXESS is steering its global business from the LANXESS Tower in Cologne.

LANXESS expects earnings improvement for fiscal year 2024

March 14, 2024