Lanxess

Line

• Zachert (CEO)
• Werner Breuer ( Board Member)
• Bernhard Düttmann ( CFO )
• Rainier van Roessel (Board Member, Director of Labor )
• Rolf Stomberg (Chairman of the Supervisory Board)

The Lanxess AG (own spelling: LANXESS AG ) is a specialty chemicals company headquartered in Cologne. The Group was formed in 2004 as a spin- chemical and parts of the polymer division of Bayer AG. Terms of sales, Lanxess is the ninth largest chemical company in Germany. Since 24 September 2012, of Lanxess AG is listed on the German stock index DAX.

• 2.1 Current Group Structure 2.1.1 organization

History

The company's roots date back to 1863, the founding year of Bayer AG. During the last major restructuring of Bayer AG, the chemicals division, as well as parts of the polymer activities were spun off into a separate company. Under the Company all Bayer stockholders per ten Bayer shares were additionally is a new Lanxess share.

The Art Name LANXESS champions from the French word "lancer " ( set in motion, launch ) and the English word "success" (success) together.

Divestments

Since the spin-off from Bayer AG several restructuring programs were carried out, initially mainly divestments. First, the business with fine chemicals in the independent subsidiaries Saltigo GmbH was transferred. Then the Dorlastan business was sold to the Japanese company Asahi Kasei Fibers. The ISL -Chemie Kürten, which produces pigment preparations and specialty coatings, was sold for 20 million euros to the Swiss Berlac AG Sissach. The Paper division is for 88 million euros to the Finnish paper company Kemira from Helsinki.

2006 Lanxess sold for € 54 million, the Business Unit Textile Processing Chemicals ( excluding North America ) to the Dutch investor Egeria. The North American business was submitted to the company StarChem.

2007 emerged the 100 percent subsidiary Aliseca GmbH from the former area of ​​technical services. In addition, the subsidiary Borchers GmbH, which manufactures additives for coatings, emulsion paints and printing inks, delivered to the OM Group. In June of the same year brought his Lanxess subsidiary Lustran in a joint venture with the British chemical company Ineos Ltd.. one. In September 2009, the Lanxess share of Ineos was full.

Acquisitions

End of 2006, Lanxess took a 50 percent share of Dow Chemical at the chromium chemicals business in South Africa, Chrome International South Africa ( CISA ) in Newcastle. In December 2007, Lanxess announced to take over the Brazilian chemical company Petroflex SA, a rubber producers. In early 2008, the company expanded its involvement in the U.S. and took over the laboratories of ICOS Corporation. On 16 February 2009 Petro Flex has been renamed to Lanxess Elastomeros do Brasil. With the purchase of two production plants for iron oxide pigments of the Chinese cooperation partner Jinzhou Chemicals Company Ltd. in June 2008, the company expanded its business in Asia for inorganic pigments. On 10 March 2009 Lanxess opened a sales office in Moscow to manage business in Russia and other states of the Commonwealth of Independent States. For EUR 82.4 million, Lanxess bought on 8 June 2009 the Indian company Gwalior Chemical Industries Ltd. and also acquired the production and business of Jiangsu Polyols Chemical Co. Ltd. (China). The purchase price was not disclosed. To strengthen the product portfolio Lanxess 2010 took over a product line from Clariant as well as parts of the primary accelerator business of Flexsys. Mid-December 2010 Lanxess bought by the Dutch company Royal DSM NV, the division DSM Elastomers for EUR 310 million on a cash and debt. The acquisition was completed on May 1, 2011. 2011 bought the Rhein Chemie business unit, the Argentine Darmex SA and the tire release agents business of Wacker Chemie AG. By purchasing the material protection business of Syngenta, the Swiss specialty chemicals group rises to become a leading supplier of biocides for the protection of building materials. To extend the global production network for biocides, specialty chemicals Group acquired the American company Verichem. In addition, Lanxess took over in 2011 to strengthen the product portfolio of phthalate-free plasticizers, the American company Unitex Chemical Corporation.

Investments

Beginning of October 2011 announces Lanxess to invest heavily in Brazil to benefit from the boom in the local auto industry. Among the new projects include the construction of two plants for plastics and rubber additives on the site in Porto Feliz ( State of São Paulo). For one to be produced from mid-2013 there high-tech plastics Durethan and Pocan. On the other hand arises a new work for bladders that come in the tire industry for use, as well as for rubber additives. A total of 30 million euros will be invested. Built to expand the global production network for inorganic pigments Lanxess in 2015 in Ningbo, China, a plant for iron oxide pigments.

Lobbying

According to the voluntary information in the EU lobby register Lanxess has spent in fiscal 2012 500000-600000 € for direct lobbying of EU institutions.

Inclusion in the DAX

On 5 September 2012, the Working Group decided to include equity indices of Deutsche Börse AG, Lanxess, the German DAX index. Since the September 24, 2012 Lanxess is listed next to the former parent company Bayer in the DAX.

In order to calculate the DAX index correctly, Lanxess listed on 31 January 2005 for a single day in the DAX, which for the first time in its history thus comprised 31 values ​​. The next day, the weighting of the Bayer Group was re-calculated using the closing price of Lanxess.

Group Overview

Current Group Structure

Organization

Lanxess has 14 divisions ( Business Units ), which are grouped into three segments: the Performance Polymers segment encompasses operations of Butyl Rubber ( BTR), Performance Butadiene Rubbers (PBR ), High Performance Materials (HPM ) formerly Semi-Crystalline Products (SCP ), high performance Elastomers (HPE ) and Keltan ( KEL) formerly Technical Rubber Products (TRP ) and bundles all synthetic rubber and plastics activities. The segment reported in 2011 a share of about 58 % in the company's revenue, making it the largest of the three. Products of this segment may be used, for example, in tires, seals and wipers.

The Advanced Intermediates segment consists of the business units Advanced Industrial Intermediates (AII ) formerly Basic Chemicals (BAC ), and Saltigo ( SGO ) and includes all transactions by basic and fine chemicals. It has a share of around 18% in the company's sales.

The Performance Chemicals segment includes the business units Functional Chemicals ( FCC), Inorganic Pigments (IPG ), Ion Exchange Resins (ION ), Leather ( LEA), Material Protection Products (MPP ), Rhein Chemie ( RCH ) and Rubber Chemicals ( RUC ). These divisions are at approximately 24 % of total sales of the company.

The Inorganic Pigments business unit (BU IPG) Lanxess is one of the leading manufacturers of iron oxide and chromium oxide pigments and these pigments synthesized in Germany ( Krefeld- Uerdingen ), Brazil (Porto Feliz ) and China ( Shanghai). In addition, low-dust granules, compacted and slurries are offered.

These business units are in turn supported by 16 group functions. A group function in an advisory capacity in relation to the business units and is a service provider in your own company. At Lanxess these are Accounting (ACC ), Corporate Communications (COM), Corporate Controlling ( CON), Corporate Development (DEV ), Human Resources ( HR), Industrial & Environmental Affairs (IEA ), Information Technology (IT ) Innovation ( INN ), Internal auditing ( IA), investor relations (IR), Law & Intellectual Property (LIP ), Mergers & Acquisitions ( MA ), Global Procurement & Logistics ( GPL), Tax and Treasury ( TR).

The wholly owned subsidiary Aliseca is responsible for the technical maintenance.

Locations

Lanxess is represented with 52 production sites in 31 countries on all inhabited continents.

Management

• Zachert (CEO)
• Bernhard Düttmann
• Werner Breuer
• Rainier van Roessel

• Rolf Stomberg, Chairman of the Supervisory Board
• Friedrich Janssen, a former board member of E.ON Ruhrgas AG
• Rainer run, independent consultant, former CEO of German Shell AG
• Claudia Nemat, a board member of Deutsche Telekom AG
• Theo H. Walthie, independent consultant

• Ulrich Freese, Deputy Chairman of the Supervisory Board, Deputy Chairman of the IG BCE, Since 2013 Member of the Bundestag (SPD )
• Axel Berndt, Member of the Labor Leverkusen
• Rudolf Fauss, Chairman of the Group Committee Lanxess AG, Head of Central Functions Human Resources at Lanxess Germany GmbH
• Thomas Meier, Regional head of IG BCE, Cologne
• Hans -Jürgen Schicker, Chairman of the Works Uerdingen
• Gisela Seidel, Chairman of the Works Council in Dormagen

Shareholder

Indicators, economic situation

Of 2012, sales rose by 4 percent to 9.1 billion euros. Operating profit before special items (EBITDA ) amounted to 1.2 billion euros. The year 2012 was the best year of our growth story, CEO Axel C. Heitmann said at the presentation of the balance sheet in Dusseldorf.

2013 had to lower its profit targets clearly Lanxess (also like some other chemical companies ). One reason were declining new car sales in Europe. The share price, which had reached a high of 68.99 euros in February, fell in July 2013 up to 43.03 euros.

In January 2014 Heitmanns departure of Lanxess was announced. He was replaced on 1 April 2014 Zachert. With the announcement of Zacherts to change the course of Lanxess share increased by more than 8 %, while the price of also listed in the DAX Merck stock plunged by about 10%.

Product portfolio

The main products of the company are to be classified in the areas of specialty, basic and fine chemicals, and plastics and rubbers.

Cologne commitment

Due to a ten-year contract regulated cooperation between the operators and the group with the Cologne Arena wearing since 2 June 2008, Lanxess Arena.

In August 2008, Lanxess AG announced plans to relocate the headquarters from Leverkusen to Cologne. The move was meant to be completed by the year 2011. In January 2009 it was announced that the move is postponed due to the global economic and financial crisis. In May 2011, the Company announced that it intends to transfer the headquarters by the end of 2013 in the former Lufthansa building in Cologne- Deutz. The official inauguration of the " Lanxess Towers " took place on 3 September 2013.

Since 2008 the global Company supports the Kölner Philharmonie in various music projects. In addition, Lanxess is since 2010 the new main sponsor of lit.Cologne, an international literary festival, which takes place in Cologne. Lanxess support since 2013 as the phil.COLOGNE - an international Philosopiefestival, which is also known as a little sister lit.COLOGNE.