Lanxess is a global chemical supplier specialising in polymers, intermediate products and specialty chemicals. The company is structured into three segments: Performance Polymers, Advanced Intermediates and Performance Chemicals. Lanxess also has the Saltigo fine chemicals business.
In September 2009, Lanxess won the ICIS company of the year award. For more on this please see
Lanxess wins the ICIS Company Of The Year Award on ICIS.com.
The company’s strategy is to step away from lines of business that are unlikely to meet the company's expectations in terms of performance, profitability, and market opportunity within the foreseeable future. It will also include making selective acquisitions to round out its core businesses. But its strategy precludes giving serious consideration to acquisitions until it has made a success of its restructuring projects.
An ongoing mission will be to internationalise the business. Lanxess says that its direction is pointing towards the potential for profitable growth. At the moment it believes this is in China.
With headquarters in Leverkusen, Germany, Lanxess has sales of around Euro5bn in 2009 and employs around 14,338 people at more than 50 sites.
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Chairman: Axel Claus Heitmann
Chief financial officer: Bernhard Duttmann
Board member: Werner Breuers
Board member: Rainier von Roessel
Lanxess HeadquartersBld. K1051369 LeverkusenGermany
Tel: +49 0 214 301Email: media.relations@Lanxess.com
Lanxess is a global chemical supplier specialising in polymers, intermediate products and specialty chemicals. The separation of Lanxess from the Bayer Group was accomplished on 28 January 2005.
More about Lanxess Structure
Lanxess will pursue a strategy that is broken into four elements: short-term measures to quickly improve performance; the targeted restructuring of low-margin or loss-making lines of business; active portfolio management; and exploring opportunities for strengthening the company through selective acquisitions. (Edited from: Lanxess annual report). ICIS also provides you with key financial data listed in table form.
More about Lanxess Strategy & Financial Highlights
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