Lanxess

Lanxess Opens Application Development Center in India

German specialty chemicals company Lanxess inaugurated its India Application Development Center (IADC) in Mumbai.

Eurocolour Elects New Presidential Board

Eurocolour, the European umbrella organization for manufacturers of pigments, dyes, fillers, and ceramic decoration products, welcomes four new members to its Presidential Board.

The Evolution of the CDMO Industry

The evolution of the CDMO sector is propelled by rising manufacturing standards, the advent of groundbreaking therapies, and a shift towards personalized medicine. CHEManager asked executives and industry experts from a broad range of CDMOs to share their views on how their companies are dealing with this changing economic environment and the resulting opportunities and challenges.

Expert Statement: Christoph Schaffrath, Lanxess

The evolution of the CDMO sector is propelled by rising manufacturing standards, the advent of groundbreaking therapies, and a shift towards personalized medicine.

Lanxess Warns on Earnings as Buyout Talk Circles Covestro

Two former spinoffs from Bayer were competing for headlines on Jun. 19 and 20, as specialty chemicals company Lanxess issued a profit warning amid rumors that Middle East chemicals and energy behemoth Abu Dhabi National Oil Company (ADNOC) had made a takeover offer for engineering plastics producer Covestro.

Lanxess-Advent Plastics JV Launched as Envalior

Under the name Envalior, German specialty chemicals producer Lanxess and private equity investor Advent International launched their new 40:60 joint venture for high performance engineering plastics at the beginning of the second quarter, after the deal cleared all regulatory hurdles earlier.

Chemicals M&A Review 2022 and Outlook 2023

2021 was historic for chemical M&As, it was a record-breaking year in terms of total value of deals. Therefore, it was expected that 2022 would only build upon this. However, the combination of high interest rates, supply chain bottlenecks and geopolitical instability saw both the number and value of deals take a significant hit throughout 2022.

All Signals Point to ”Go” for new Plastics Firm

With merger clearance granted by India this week, nothing now stands in the way of plans by German chemical producer Lanxess and private equity investor Advent International to create a 40:60 joint venture for high performance engineering plastics with annual sales of around €300 million.

Bill Anderson to Be Bayer CEO from June 1

Bowing to growing pressure from activist investors with different missions, the supervisory board of tradition-steeped German pharmaceuticals and agrochemicals player Bayer has announced the appointment of a new CEO to succeed embattled incumbent Werner Baumann — a year before the end of the current chief executive’s regular term.

Advent-Lanxess Materials JV Takes Shape

The planned 60:40 specialty materials joint venture of German chemical producer and private equity group Advent International, announced at the end of May, is gradually taking on visible contours.

Calum MacLean to Head Lanxess-Advent JV

German specialty chemicals producer Lanxess and private equity group Advent International have named Calum MacLean as CEO-designate of their planned joint venture for high-performance engineering plastics.

Lanxess Wraps up IFF Microbial Unit Buy

German specialty chemicals producer Lanxess has wrapped up its acquisition of International Flavors & Fragrances’s microbial control business unit, a year after announcing the $1.3 billion deal with the US company in August 2021.

Lanxess and Advent Clinch DSM Plastics Deal

German specialty chemicals producer Lanxess and private equity investor Advent International have clinched a carefully constructed deal to buy DSM’s engineering plastics business for around €3.7 billion. The assets will then be merged with the Lanxess engineering plastics portfolio to create a new market player with annual sales of around €3 billion.

Lanxess and Matrica Team up on Biocide Preservative

German specialty chemicals producer Lanxess and the Matrìca joint venture of Italian players, Eni subsidiary Versalis and Novamont, have teamed up to produce sustainable biocide preservatives from renewable raw materials.

Lanxess and DSM to Merge Plastics under Private Equity?

Lanxess and private equity investor Advent International are reportedly discussing a transaction that could see the German company’s engineering plastics portfolios merge with the polymer-related activities being flogged off by DSM in the Netherlands. The resulting new entity would likely be controlled by Advent.

Multinational Companies in China’s Chemical Industry

Chemical MNCs show strong verbal commitment to China, but the real situation is somewhat underwhelming.

Lanxess Adds Compounding Capacity in China

German specialty chemicals and plastics producer Lanxess is widening its plastics compounding network in China further. With an investment of €30 million, the company is building a second compounding line for its Durethan- and Pocan-branded PA and PBT engineering plastics at its site in Changzhou, Jiangsu province.

Port of Antwerp Brings Global Chemistry Together

Antwerp is the home port of the largest integrated chemical cluster in Europe. It is the place for entering into partnerships throughout the chain and even across sectors.

Lanxess Making Water-based Compounds in China

Lanxess has inaugurated a new plant at Nantong, China, to make its environmentally friendly water-based compounds. The Pellart-branded compounds belong to the company’s Urethane Systems (URE) business unit that also produces their key component, polyurethane dispersions. Production capacity was not disclosed.

Lanxess to Carve Out Engineering Plastics Business

German specialty chemicals producer Lanxess has joined the growing list of European and US companies seeking to unload their engineering plastics activities – in one way or another. In a Nov. 11 statement, the Cologne-based player announced plans to spin off its High Performance Materials business into an independent legal entity from January 2022.

BP to Supply Lanxess with “Green” Cyclohexane

As part of a new strategic partnership, energy giant BP will provide German specialty chemicals producer Lanxess with “green” cyclohexane to feed its high-tech plastics production at Antwerp, Belgium.

Lanxess Nails Down IFF’s Microbial Control Unit

Lanxess has emerged as the buyer of the former DowDuPont microbial control business that International Flavors & Fragrances (IFF) put up for sale after its merger with DuPont's Nutrition and Biosciences business in February this year.

Lanxess and Wacker Join Foundation 2°

Lanxess and Wacker have become the first two chemical companies to join Foundation 2°, a German corporate initiative lobbying for effective market-based conditions for climate protection and recognition of the “problem-solving skills of German companies.”

Lanxess Closes Sale of Organic Leather Chemicals Unit

Following all approvals, German specialty chemicals producer Lanxess completed the sale of its organic leather chemicals business to TFL Ledertechnik on Jun. 1. The buyer is a global supplier of leather chemicals and a portfolio company of US private equity investor Black Diamond Capital Management.

Lanxess Cooperates with Chinese Battery Maker

German specialty chemicals producer Lanxess is establishing a foothold for itself in battery chemistry. The company has inked a deal to cooperate with Guangzhou Tinci Materials Technology Co. (Tinci), a China-based global manufacturer of lithium-ion battery materials.

CO2-Neutral Chemical Industry

The European Chemical Industry has set out on an ambitious path to become carbon neutral. Germany, as one of the major chemical manufacturing nations, has committed to achieve this goal by 2050.

Expert Statement: Hubert Fink, Lanxess

The European Chemical Industry has set out on an ambitious path to become carbon neutral.

Lanxess to Acquire Emerald Kalama Chemical

Germany’s Lanxess has signed a binding agreement to acquire 100% of Emerald Kalama Chemical from affiliates of private equity firm American Securities. The US specialty chemicals producer focused mainly on consumer markets last reported sales of $425 million and EBITDA pre-exceptionals of $90 million. Closing is expected in the second half of 2021, subject to regulatory approval.

Lanxess Lifts Black Pigment Output at Krefeld

Through debottlenecking, German specialty chemicals producer Lanxess has added more than 5,000 t/y of capacity for its black synthetic iron oxide pigments at its Krefeld-Uerdingen site, which it claims as the world’s largest plant for manufacturing synthetic iron oxide pigments. The company said it is responding to increased demand from the construction industry, especially for products to color concrete.

Lanxess Exits Leather Chemicals Business

In another divestment shortly after selling its reverse osmosis business to Suez in July, German specialty chemicals producer Lanxess is unloading its organic leather chemicals business to compatriot TFL Ledertechnik, a global supplier of leather chemicals.

Lanxess Disinfectant Kills Covid Fast, Study Shows

In a study carried out by an independent laboratory, the Rely On Virkon broad-spectrum surface disinfectant produced by Lanxess was shown to inactivate the SARS-CoV-2 virus, also known as Covid-19, rapidly, the German specialty chemicals company reports.

Lanxess to Sell Reverse Osmosis Arm

German chemical producer Lanxess is realigning its water treatment business, divesting its reverse osmosis membrane activities to Suez and strengthening its ion exchange resins business to focus on high-end specialty applications.

Circular Economy

The chemical industry is on the threshold of a new era – the age of circularity. We asked industry experts to share their opinions on this transformational topic.

Lanxess Completes Sale of its Currenta Stake

German specialty chemicals producer Lanxess completed the sale of its 40% stake in chemical park operator Currenta to Australia’s Macquarie Infrastructure and Real Assets (MIRA) at the end of April. The sale agreement was concluded in August 2019.

Ineos Delays Forties Pipeline Shutdown