Key Developments: Lanxess AG (LNXSF.PK)
73.00USD
17 May 2013
$2.60 (+3.69%)
$70.40
$73.00
$73.00
$73.00
200
164
$92.85
$57.70
Latest Key Developments (Source: Significant Developments)
Lanxess AG Comments On FY 2013 EBITDA Guidance-Conference Call
Lanxess AG announced that for fiscal 2013, it expects EBITDA pre-exceptional at the lower end of the given guidance, 5% to 10% above previous year, which was a record year so far. The Company will show an EBITDA significantly above 2012. Full Article
Lanxess AG Joins DAX 30 Index
Lanxess AG announced that on September 24, 2012, the LANXESS stock was listed on the German index DAX 30. On the Xetra stock exchange the LANXESS share opened with a share price of EUR 66.29. Full Article
Lanxess AG Confirms FY 2012 EBITDA Guidance; Issues FY 2014 EBITDA Outlook In Line with Analysts' Estimates; Issues FY 2018 EBITDA Forecast
Lanxess AG announced its new mid-term goal for EBITDA pre exceptionals of EUR 1,800.00 million in the fiscal year 2018. The Company plans to achieve its previously established goal of EUR 1,400.00 million EBITDA pre exceptionals in the fiscal year 2014, a year ahead of schedule. For the fiscal year 2012, the Company reconfirmed its guidance for EBITDA pre exceptionals to increase by at between 5% and 10%. For the fiscal year 2011 the Company reported EBITDA of EUR 1,146.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 EBITDA of EUR 1,219.43 million and fiscal year 2014 EBITDA of EUR 1,391.68 million. Full Article
Lanxess AG Announces New Nd-PBR Plant in Singapore
Lanxess AG announced that on September 11, 2012 it has broken ground for its new neodymium-based performance butadiene rubber (Nd-PBR) plant in Singapore. The Company is investing roughly EUR 200 million in a 140,000 metric tons per annum facility on Jurong Island. Approximately 100 jobs will be created. The plant is expected to start up in the first half of 2015. Full Article
Lanxess AG to Build EPDM Plant in China
Lanxess AG announced that it is building a plant for EPDM synthetic rubber in China. The Company is investing EUR 235 million in the plant in Changzhou (Jiangsu Province). The plant will have a capacity of 160,000 metric tons per year and the investment will create up to 200 new jobs. The plant is expected to start up 2015. All necessary permits have been obtained from the local authorities. Full Article
Lanxess AG Opens First Production Plant for high-tech Plastics in United States; Announces Acquisition of Bond-Laminates GmbH
Lanxess AG announced that it has opened its first production plant for high-tech plastics in the United States. With the new facility in Gastonia in the United States state of North Carolina, the Company will help to meet the growing demand for lightweight plastics. Lanxess AG has invested USD 20 million (EUR 15 million) in its new plant in Gastonia and is creating up to 45 new jobs. The new plant will initially operate with a capacity of 20,000 metric tons a year. In addition, Lanxess AG announced that it has expanded its portfolio of lightweight materials to the automotive industry by acquiring the German-based company Bond-Laminates GmbH, which specializes in developing and producing custom-made plastic composite sheets branded TEPEX. Financial details were not disclosed. Full Article
Lanxess AG Confirms FY 2012 EBITDA Outlook
Lanxess AG announced that it has confirmed its EBITDA pre exceptionals outlook for the fiscal year 2012. For the fiscal year 2012 the Company expects growth of EBITDA pre exceptionals by between 5% and 10%. For the fiscal year 2011 the Company reported EBITDA of EUR 1,146.00 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 EBITDA of EUR 1,226.63 million. Full Article
Lanxess AG Offers Lewabrane Membrane Separation Elements for Russian Market
Lanxess AG announced that with immediate effect, the Company offers Lewabrane membrane separation elements for reverse osmosis to complement its established Lewatit ion exchange resins for the Russian market. The former will be produced at the new production unit in Bitterfeld that went on stream in fall 2011. Initially, customers will be able to buy two RO element types with different capacities that are based on polyamide thin-film composite membranes. Full Article
Lanxess AG Builds New Plant for High-Tech Plastics in Belgium
Lanxess AG announced that it is investing EUR 75 million in the construction of a new plant for high-tech plastics in Antwerp. The facility for polyamide plastics is designed for an annual capacity of 90,000 metric tons and scheduled to begin operation in the first quarter of 2014. Full Article
Lanxess AG Starts Up New Nitrile Butadiene Rubber Plant in China in Joint Venture with TSRC Corporation
Lanxess AG announced it has started up on schedule a nitrile butadiene rubber (NBR) plant in Nantong, China, as part of its 50:50 joint venture with Taiwan’s TSRC Corporation. The two companies have jointly invested USD 50 million (approximately EUR 39 million) in the new plant, which has an initial annual capacity of 30,000 metric tons. Approximately 100 new jobs have been created through the investment. The two partners set up a joint venture in May 2010 called LANXESS-TSRC (Nantong) Chemical Industrial Company Ltd., supplying Chinese customers with NBR produced at Lanxess AG’s La Wantzenau site in France until the start-up of the Nantong plant. The La Wantzenau site will continue to serve the Chinese market with specialty NBR grades in the future. The new plant is built on an area of around 40,000 square meters and is located in the Nantong Economic and Technological Development Zone in Jiangsu province, northwest of Shanghai. Full Article
UPDATE 1-Lanxess signs deal with S.African miners to end strike
* Union threaten to halt production at VW plant (Adds details on labour tensions, threat to VW plant)
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