Key Developments: Lanxess AG (LXSG.DE)

LXSG.DE on Xetra

48.96EUR
7:21am EDT
Price Change (% chg)

€-0.12 (-0.23%)
Prev Close
€49.08
Open
€48.97
Day's High
€49.22
Day's Low
€48.89
Volume
123,169
Avg. Vol
616,687
52-wk High
€56.75
52-wk Low
€42.81

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Latest Key Developments (Source: Significant Developments)

Lanxess AG Joins DAX 30 Index
Sunday, 23 Sep 2012 08:00pm EDT 

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
Tuesday, 18 Sep 2012 08:00pm EDT 

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
Monday, 10 Sep 2012 08:00pm EDT 

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
Sunday, 9 Sep 2012 08:00pm EDT 

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
Friday, 7 Sep 2012 08:00pm EDT 

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
Monday, 6 Aug 2012 08:00pm EDT 

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

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