LANXESS signs contract to sell Urethane Systems business to UBE Corporation

Enterprise value of €460 million with expected proceeds of around €500 million

04-Oct-2024 - LANXESS signed a contract to sell its Urethane Systems business to Japanese UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With this transaction LANXESS exits the last remaining polymer business. The Urethane Systems business ...

LANXESS expects earnings improvement for fiscal year 2024

Specialty chemicals profile further refined

15-Mar-2024 - 2023 was a year of multiple crises for the German chemical industry: Weak demand in numerous customer industries and market regions combined with inventory reduction by customers, high energy prices in Germany, and geopolitical tensions. This also characterized fiscal year 2023 for the specialty ...

LANXESS extends contract with CEO Matthias Zachert

11-May-2023 - At its ordinary meeting, the Supervisory Board of LANXESS AG appointed Matthias Zachert (55) as CEO of the Group for a further five years, thus extending his contract. The new mandate will begin on April 1, 2024. “Matthias Zachert has decisively transformed LANXESS in just a few years: A ...

Covestro and LANXESS cooperate to produce more sustainable raw materials with reduced CO₂ footprint

Companies agree on production of key basic chemicals

23-Jan-2023 - Chemical companies Covestro and LANXESS are cooperating in the energy-intensive production of basic chemicals at their Lower Rhine sites in Germany and make them more climate friendly. LANXESS sources chlorine, caustic soda and hydrogen from the ISCC PLUS-certified sites of Covestro in Leverkusen ...

LANXESS and Matrìca team up to produce sustainable preservatives from renewable raw materials

Development of new generation of sustainable preservatives

02-Feb-2022 - Specialty chemicals company LANXESS and Matrìca, a joint venture between Versalis (Eni) and Novamont, have partnered to produce sustainable biocide preservatives from renewable raw materials. Starting in January 2022, the Matrìca plant at Porto Torres (Sardinia, Italy) will supply LANXESS with ...

LANXESS to acquire IFF’s microbial control business

Strengthening the specialty chemicals portfolio: expansion of the growth areas disinfection, personal care and material protection

25-Aug-2021 - LANXESS is taking another big step on its growth course: the specialty chemicals company intends to take over the microbial control business of the U.S. group International Flavors & Fragrances Inc. (IFF). Both companies signed a corresponding agreement on August 23, 2021. IFF Microbial Control ...

LANXESS expands capacity for light-color sulfur carriers

Production capacity of extreme pressure additives for the lubricants industry to be expanded by 2023

13-Aug-2021 - LANXESS is expanding its production capacity for light-color sulfur carriers at its Mannheim site by several kilo tons. The specialty chemicals company is investing a double-digit million amount to expand the facilities in response to growing demand. The additional volumes are expected to be ...

LANXESS completes sale of its organic leather chemicals business

03-Jun-2021 - Specialty chemicals company LANXESS completed the sale of its organic leather chemicals business to TFL Ledertechnik GmbH on June 1, 2021. TFL is a global supplier of leather chemicals and a portfolio company of US investment firm Black Diamond Capital Management, L.L.C. All relevant antitrust ...

LANXESS signs contract to acquire Emerald Kalama Chemical

Targeted portfolio expansion in the Consumer Protection segment

15-Feb-2021 - Specialty chemicals company LANXESS is accelerating its growth course and signed a binding agreement to acquire 100 percent shares in Emerald Kalama Chemical on February 14, 2021. The US-based company is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, ...

LANXESS to sell organic leather chemicals business to TFL

TFL will take over all operations of the organic leather chemicals business line from LANXESS with a total of around 460 employees

13-Aug-2020 - Specialty chemicals company LANXESS is selling its organic leather chemicals business to TFL Ledertechnik GmbH. TFL is a global supplier of leather chemicals and a portfolio company of US investment company Black Diamond Capital Management, L.L.C. Both companies signed an agreement to this effect ...