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Lanxess | Company Structure Information from ICIS

 

Lanxess is a global chemical supplier specialising in polymers, intermediate products and specialty chemicals. With headquarters in Germany, it has sales of around Euro5bn in 2009 and employs around 14,338 people at more than 50 sites.

 

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.

 

Download the The ICIS Top 100 Chemical Companies listing here

 

History

 

The separation of Lanxess from the Bayer Group was accomplished on 28 January 2005.

 

Company movements

 

In December 2010, DSM reached an agreement to sell off the remaining part of DSM Elastomers to LANXESS. For more on this please see DSM sells elastomers business to LANXESS, completes divestment on ICIS news.

 

Please see LANXESS invests $10m in US biochemical firm Gevo on ICIS news.

 

Lanxess plans to complete the acquisition of Jiangsu Polyols Chemical Co Ltd (PCC) in the third quarter of 2009. For more on this story please see ‘LANXESS plans to complete China's PCC acquisition by Q3’ or go to ICIS news.

 

In June 2009, Lanxess agreed to acquire the chemicals business of Gwalior Chemical Industries. The deal is expected to close in the third quarter of 2009, subject to formal approval by Gwalior shareholders and clearance by the relevant anti-trust authorities. For more on this story please see ‘Lanxess agrees to acquire India's Gwalior for €82.4m’.

 

Lanxess is restructured into the following three segments:

 

Performance polymers

 

The new Performance Polymers segment comprises the Butyl Rubber, Polybutadiene Rubber, Semi-Crystalline Products and Technical Rubber Products business units, all of the polymer-based businesses (formerly the Performance Rubber segment) and the Semi-Crystalline Products (SCP) business unit.

 

The Engineering Plastics segment, which previously included SCP, ceases to exist.

 

Advanced Intermediates

 

The former Chemical Intermediates segment is to be renamed Advanced Intermediates. This new segment will include the Basic Chemicals and Saltigo business units.

 

The Inorganic Pigments business unit, which was previously incorporated in this segment will be integrated into the Performance Chemicals segment.

 

Performance Chemicals

 

This segment will focus on specialty products. Performance Chemicals incorporates the Functional Chemicals, Inorganic Pigments, Ion Exchange Resins, Leather, Material Protection Products, Rhein Chemie and Rubber Chemicals business units.

 

Saltigo

 

Saltigo was created out of Lanxess's fine chemicals business unit. As a wholly-owned subsidiary of Lanxess, Saltigo provides services to the pharmaceutical, agrochemical and specialty chemicals industries.

 

More information can be found at the Saltigo  www.saltigo.com

Lanxess Strategy & Financial Highlights

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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