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Lanxess Reduces Pension Provisions
Lanxess Plans To Expand Capacity For Oxone Monopersulfate
Lanxess Increases Prices For Adipic Acid
LANXESS AG is a Germany-based company engaged in the chemicals sector. It specializes in the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Its business activities are divided into four segments: Specialty Additives, responsible for manufacture of additives for the rubber and paint industries, among others; Advanced Intermediates, focused on the development of intermediates for the agricultural, plastics, chemicals, consumer goods, construction, tire and automotive industries, among others; Performance Chemicals, which offers material protection products, inorganic pigments, finishing agents for the leather industry and resins for water treatment, among others, and Engineering Materials, which produces technical plastics, glass fibers, fiber composites and elastomers on a urethane basis for application in the automotive, electronics and electrical engineering industries. It operates around 60 production sites worldwide.
Matthias L. Wolfgruber
Independent Chairman of the Supervisory Board
Chairman of the Management Board, Chief Executive Officer
Vice Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Member of the Management Board
Member of the Management Board
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The chief executive of Lanxess confirmed the German speciality chemicals maker's outlook in a German newspaper interview but warned that the year was far from over yet.
German specialty chemicals maker Lanxess <LXSG.DE> reported slightly stronger-than-expected quarterly profit on Wednesday, with firm demand for disinfectant ingredients offsetting a coronavirus-driven slump in engineering plastics.
* AIM IS TO CONSERVE GROUP'S LIQUIDITY IN LIGHT OF CURRENT UNCERTAINTIES DUE TO CORONA PANDEMIC
* ALL PRODUCTION FACILITIES IN CHINA UP AND RUNNING AGAIN - CEO
* CEO SAYS SUPPLY CAPACITY WILL LIKELY BE REDUCED BY 5% DUE TO VIRUS-RELATED LOGISTICS PROBLEMS, SEES PEAK IN MARCH, APRIL
German specialty chemicals maker Lanxess predicted a drop in its 2020 core profit because of the coronavirus outbreak and said it will focus this year on growth in protection products, including antiviral disinfectants.
German specialty chemicals maker Lanxess said on Monday it was trying to eke out higher production volumes of an antiviral disinfectant called Rely+On Virkon from its sites as China's coronavirus epidemic is boosting demand.
German chemical groups Bayer <BAYGn.DE> and Lanxess <LXSG.DE> have agreed to sell integrated chemical site operator Currenta to Macquarie Infrastructure and Real Assets (MIRA) <MQG.AX> for an enterprise value of 3.5 billion euros ($3.9 billion).
German chemical groups Bayer and Lanxess have agreed to sell chemical park operator Currenta to investor Macquarie Infrastructure and Real Assets (MIRA), the sellers said on Tuesday.
A court in Germany will initiate data theft proceedings in June to hear a case about a former employee at German chemicals maker Lanxess who is accused of stealing trade secrets with the aim of setting up a copycat chemical reactor in China.
Saudi Aramco has completed its acquisition of a 50 percent stake in Arlanxeo, its Netherlands-based joint venture with chemicals firm Lanxess, to become the full owner of the company, it said in a statement on Monday.
Standard Lithium Ltd said on Monday it had signed an agreement with Lanxess AG to build a pilot plant that will process lithium from Arkansas brine, part of an ongoing study on whether to develop a joint venture to produce the white metal.
Lanxess <LXSG.DE> Chief Executive Matthias Zachert is not available to become CEO of Thyssenkrupp <TKAG.DE>, a source familiar with the matter said, ending speculation that he could replace interim CEO Guido Kerkhoff.
The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Wednesday:
Germany's Lanxess <LXSG.DE> is selling its 50 percent stake in synthetic-rubber maker Arlanxeo to partner Saudi Aramco <IPO-ARMO.SE> for around 1.4 billion euros ($1.6 billion) in cash in a deal it said will give it more flexibility to grow.
Germany's Lanxess <LXSG.DE> raised its forecast for full-year earnings after higher product prices and cost cuts linked to the takeover of specialty additives maker Chemtura bolstered second-quarter results.
Lanxess's water treatment business has attracted the interest of potential buyers since the German chemicals group put the unit on the block to streamline its portfolio, people close to the matter said.
* LANXESS CEO SAYS U.S.-CHINA TRADE TENSIONS ARE CAUSING UNCERTAINTY; NEED TO MONITOR SITUATION Further company coverage: (Reporting By Berlin Newsroom)
Germany's Lanxess <LXSG.DE> has dropped out of a consortium bidding for Akzo Nobel's <AKZO.AS> specialty chemicals business, two people close to the matter said.
Germany's Lanxess has dropped out of a consortium that includes U.S. private equity firm Apollo in the bidding war for Dulux paint maker Akzo Nobel's specialty chemicals business, two people close to the matter said.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.