LANXESS significantly increases earnings in the third quarter of 2024

Higher volumes and better capacity utilization, along with cost savings, drive earnings

08-Nov-2024 - Specialty chemicals company LANXESS saw a significant earnings increase in the third quarter of 2024: EBITDA pre exceptionals came in at EUR 173 million, up 45.4 percent from the prior-year quarter’s EUR 119 million. This was mainly due to higher volumes, increased capacity utilization and cost ...

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 ...

Chemical companies at the port of Antwerp investigate waste water reuse

12 companies are joining in with the research project

19-Sep-2024 - This month, the CHERISH2O (CHEmical industry water Reuse In a Sustainable Harbour) project starts at the port of Antwerp. Port of Antwerp-Bruges, VITO, essenscia, VMM and Antea Group will investigate whether industrial waste water from chemical companies in the port can be purified on a large ...

LANXESS wins ICIS Innovation Award for LFP battery materials

LANXESS also examines production of iron phosphate as a precursor for LFP

10-Sep-2024 - Specialty chemicals company LANXESS has developed new high-quality iron oxides for use in lithium iron phosphate (LFP) batteries and received the ICIS Innovation Award 2024. The award in the category “Best Product Innovation from a Large Company” recognizes LANXESS’ outstanding contribution to ...

LANXESS expects earnings growth of 10 to 20 percent for the full year 2024

"It seems that we have touched the economic bottom in the chemical industry"

10-May-2024 - Specialty chemicals company LANXESS expects earnings for the current fiscal year to increase between 10 and 20 percent – even though the results for the first quarter were still impacted by the weak global economic environment in the chemical industry. In the first quarter, sales fell by 15.4 ...

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 ...

Research cooperation: LANXESS and IBU‑tec to develop iron oxides for LFP battery material

Reduced carbon footprint of batteries through use of local raw materials

24-Jan-2024 - Specialty chemicals company LANXESS and battery materials manufacturer IBU-tec advanced materials have entered into a research cooperation in the battery sector. The goal of the two German companies is to develop innovative iron oxides for the production of cathode material for LFP batteries and ...

LANXESS reshuffles management positions in four business units

New impetus for the Consumer Protection segment

09-Jan-2024 - LANXESS is reshuffling the management positions in four of its ten business units. In doing so, the Group aims to provide additional impetus for its business in the Consumer Protection segment and at the same time benefit from the experience of its proven managers. The following personnel changes ...

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 ...

Frederique van Baarle assumes position on the LANXESS Board of Management

04-Apr-2023 - Frederique van Baarle has taken up her position as a member of the Board of Management and Labor Director at Cologne-based specialty chemicals company LANXESS effective April 1, 2023. Until the end of March van Baarle headed the High Performance Materials business unit at LANXESS, which was ...