Lanxess AG is a German specialty chemicals company based in Cologne, Germany that was founded in 2004, via the spin-off of the chemicals division and parts of the polymers business from Bayer AG.[2]
The roots of the company go back to 1863, the year Bayer AG was founded. In November 2003, as part of a major restructuring, the Bayer Group decided to spin off large parts of its chemical activities and around a third of its polymer business into an independent company.[3]
On 1 July 2004 Lanxess positioned itself internally in the new structures. In November 2004, the Extraordinary General Meeting of Bayer AG took place in Essen. Over 99 percent of the capital present voted for Lanxess to be spun off from Bayer.[4]
Shares in Lanxess AG were listed in Germany’s DAX from 24 September 2012 to 21 September 2015, and form part of MDAX, a midcap index. The company is listed in the Dow Jones Sustainability Index and FTSE4Good Index.
In 2016, the company began to focus on the market for additives for lubricants and fire retardants by acquiring Chemtura and placing its rubber business into a joint venture with Aramco.[5][6][7]
In February 2020, Lanxess acquired Brazilian biocide manufacturer Itibanyl Produtos Especiais Ltda. (IPEL).[8]
^"Bayer-Vorstand hat entschieden: Lanxess-Börsengang erfolgt durch Spin-Off". www.chemie.de (in German). Retrieved 2023-02-27.
^Cullen, Angela (29 May 2017). "Buffett Buys Stake in German Specialty Chemicals Maker Lanxess". Bloomberg News. from the original on 31 May 2017.
^Divac, Natascha; Nakrosis, Stephen (26 September 2016). "Lanxess Shares Rise on $2.7 Billion Acquisition of Chemtura". Wall Street Journal. from the original on 6 August 2017.
^Kaskey, Jack; Miller, Kevin; Matthews, Sheenagh (September 26, 2016). "Lanxess to buy Chemtura for $2.1 billion". Bloomberg news via Pittsburgh Post-Gazette. from the original on March 30, 2017.
^Hronec, Jordyn (1 July 2022). "Lanxess completes $1.3 billion acquisition". American City Business Journals. Archived from the original on 2 July 2022.
lanxess, german, specialty, chemicals, company, based, cologne, germany, that, founded, 2004, spin, chemicals, division, parts, polymers, business, from, bayer, agcompany, typeaktiengesellschaft, public, traded, asfwb, lxsmdax, componentindustrychemicalspredec. Lanxess AG is a German specialty chemicals company based in Cologne Germany that was founded in 2004 via the spin off of the chemicals division and parts of the polymers business from Bayer AG 2 Lanxess AGCompany typeAktiengesellschaft Public Traded asFWB LXSMDAX ComponentIndustryChemicalsPredecessorBayer ChemicalsFounded1 July 2004 19 years ago 2004 07 01 HeadquartersCologne GermanyKey peopleMatthias Zachert CEO and Chairman of the Board of Management Rolf Stomberg Chairman of the Supervisory Board Productspolymers intermediates and Specialty chemicalsRevenue 7 2B 2018 1 Operating income 464 million 2016 Net income 192 million 2016 Number of employees14 000Websitelanxess wbr comHistory editThe roots of the company go back to 1863 the year Bayer AG was founded In November 2003 as part of a major restructuring the Bayer Group decided to spin off large parts of its chemical activities and around a third of its polymer business into an independent company 3 On 1 July 2004 Lanxess positioned itself internally in the new structures In November 2004 the Extraordinary General Meeting of Bayer AG took place in Essen Over 99 percent of the capital present voted for Lanxess to be spun off from Bayer 4 Shares in Lanxess AG were listed in Germany s DAX from 24 September 2012 to 21 September 2015 and form part of MDAX a midcap index The company is listed in the Dow Jones Sustainability Index and FTSE4Good Index In 2016 the company began to focus on the market for additives for lubricants and fire retardants by acquiring Chemtura and placing its rubber business into a joint venture with Aramco 5 6 7 In February 2020 Lanxess acquired Brazilian biocide manufacturer Itibanyl Produtos Especiais Ltda IPEL 8 In July 2022 Lanxess completed its acquisition of International Flavors amp Fragrances microbial control unit for US 1 3 billion 9 Notes edit Ein fuhrender Spezialchemie Konzern LANXESS PDF Archived PDF from the original on 2018 01 17 Retrieved 2018 01 17 Short Patricia L Tullo Alexander H June 22 2004 Bayer Parting Ways C amp EN HISTORIE Ein junges Unternehmen mit starken Wurzeln Archived from the original on 2019 04 13 Bayer Vorstand hat entschieden Lanxess Borsengang erfolgt durch Spin Off www chemie de in German Retrieved 2023 02 27 Cullen Angela 29 May 2017 Buffett Buys Stake in German Specialty Chemicals Maker Lanxess Bloomberg News Archived from the original on 31 May 2017 Divac Natascha Nakrosis Stephen 26 September 2016 Lanxess Shares Rise on 2 7 Billion Acquisition of Chemtura Wall Street Journal Archived from the original on 6 August 2017 Kaskey Jack Miller Kevin Matthews Sheenagh September 26 2016 Lanxess to buy Chemtura for 2 1 billion Bloomberg news via Pittsburgh Post Gazette Archived from the original on March 30 2017 LANXESS completes acquisition of Brazilian biocide manufacturer IPEL www chemeurope com Retrieved 2020 02 06 Hronec Jordyn 1 July 2022 Lanxess completes 1 3 billion acquisition American City Business Journals Archived from the original on 2 July 2022 External links editOfficial website nbsp Companies portal Retrieved from https en wikipedia org w index php title Lanxess amp oldid 1174419867, wikipedia, wiki, book, books, library,
