Lanxess

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Lanxess AG
Aktiengesellschaft (Public)
Traded as FWBLXS
Industry Chemicals
Predecessor Bayer AG
Founded July 1, 2004; 14 years ago (2004-07-01)
Headquarters Cologne, Germany
Key people
Products polymers, intermediates and Specialty chemicals
Revenue Decrease 7.699 billion (2016)[1]
Increase €464 million (2016)
Increase €192 million (2016)
Number of employees
Increase 16,721
Website www.lanxess.com

Lanxess Aktiengesellschaft is a 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]

Shares in Lanxess AG were listed in Germany’s DAX from September 24, 2012 to September 21, 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.[3][4][5]

As of May 2007 the largest shareholders were Allianz, BlackRock, and Norway’s sovereign wealth fund, each of which held 6 percent or less of Lanxess.[3]

Notes

  1. ^ "Archived copy" (PDF). Archived (PDF) from the original on 2018-01-17. Retrieved 2018-01-17.
  2. ^ Short, Patricia L.; Tullo, Alexander H. (June 22, 2004). "Bayer, Parting Ways". C&EN.
  3. ^ a b Cullen, Angela (29 May 2017). "Buffett Buys Stake in German Specialty Chemicals Maker Lanxess". Bloomberg News. Archived from the original on 31 May 2017.
  4. ^ 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.
  5. ^ 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.

External links

  • Official website
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