LANXESS’s Rhein Chemie business unit combines rubber and colorant specialties
Friday, 30. June 2017 • Focus on specialty business
• Business lines under new leadership
Cologne – Following the acquisition of U.S. firm Chemtura in April this year, specialty chemicals company LANXESS has revised its organizational structure. The two business lines Rubber Additives Business (RAB) and Colorant Additives Business (CAB) now both belong to the Rhein Chemie business unit.
LANXESS’s goal with this restructuring is to adopt a more targeted approach with an even stronger customer focus. The unit will in the future cover specialty business with active ingredient compounds, specialty chemicals and processing aids for the rubber, plastics and colorants industries.
“The two business lines have similar requirements and the realignment caters to our specialized business, which sometimes involves small volumes,” says Philipp Junge, who has been head of the Rhein Chemie business unit since April 2017. Junge is also in charge of Rubber Additives Business, having been responsible for this business line since the end of 2014.
The new head of Colorant Additives Business is Dominik Risse, who is returning to the operational side of the business from the Mergers & Acquisitions group function to take charge of this business line. He was previously responsible for LANXESS’s colorants business in his role as head of Marketing.
The name Rhein Chemie, which has been a hallmark of success in the chemical industry for over 125 years, will remain the umbrella brand for rubber and colorants business. Lubricant and flame retardant additives business, meanwhile, has been transferred to LANXESS’s Additives business unit. Together, these two business units form the Specialty Additives segment in the company’s extended organizational structure.
The Rhein Chemie business unit currently has around 1,000 employees and supplies more than 2,000 products to over 3,000 customers in 120 countries across the globe. It is split into two business lines:
Rubber Additives Business
RAB supplies the rubber industry with a broad range of pre-dispersed chemicals, processing promoters, vulcanization and filler activators, anti-sun check waxes, release agents, tire marking inks and high-performance bladders. It provides a wide selection of products from a single source for all applications in the rubber processing industry and also supports important developments in this sector through innovation.
Colorant Additives Business
CAB is a leading supplier of high-quality colorants for use in numerous demanding applications and manufactures organic colorants at a state-of-the-art production facility in Leverkusen. It serves customers around the world with the help of a global logistics and warehousing network. Outstanding product quality, long-standing technical expertise, high innovation capability and the fulfillment of wide-ranging regulatory requirements are the critical qualification standards of this business line.
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person’s officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.
LANXESS is a leading specialty chemicals company with sales of EUR 7.7 billion in 2016 and about 19,200 employees in 25 countries. The company is currently represented at 75 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.
Cologne, June 30, 2017, 30. June 2017
bit (2017-00059e )
This news release contains forward-looking statements based on current assumptions and forecasts made by the management of Rhein Chemie Rheinau GmbH. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our sole stockholder LANXESS Deutschland GmbH and the estimates given here. These factors include those discussed in LANXESS AG’s reports to the Frankfurt Stock Exchange. LANXESS AG and Rhein Chemie Rheinau GmbH assume no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.