Rhein Chemie achieves strong growth
Thursday, 17. March 2011 The Rhein Chemie Group saw sales rise by 40 percent year-on-year in 2010. With global sales of EUR 283 million, the wholly owned subsidiary of the Leverkusen-based specialty chemicals company LANXESS achieved even better results than in the record year 2008.
• Global sales increase to EUR 283 million in 2010
• Sales rise 40 percent compared to previous year
• Successful implementation of growth strategy
Mannheim – The Rhein Chemie Group saw sales rise by 40 percent year-on-year in 2010. With global sales of EUR 283 million, the wholly owned subsidiary of the Leverkusen-based specialty chemicals company LANXESS achieved even better results than in the record year 2008.
“We can clearly see that the rigorous implementation of our growth strategy is bearing fruit. In 2010 Rhein Chemie experienced significant volume-driven sales growth in all business fields and regions,” said Dr. Anno Borkowsky, CEO and President of Rhein Chemie Rheinau GmbH, Mannheim. “In Germany, we increased sales by 30 percent while in Asia growth was even stronger.”
Additives and service products from Rhein Chemie are used in the rubber, lubricants and plastics industries in more than 120 countries. The company has 10 production sites in nine countries.
At the beginning of the year Rhein Chemie acquired Darmex S.A. and its production sites in Argentina (Buenos Aires and Merlo) and Uruguay (Colonia). At the beginning of February, the company announced plans to expand bladder production in Buenos Aires. Rhein Chemie is the only producer of bladders worldwide to also manufacture release agents, both being used in the production of tires.
The construction of the company’s first production site in Russia is on schedule. As of the second half of 2011, Rhein Chemie will produce Rhenogran and Rhenodiv rubber chemicals for the Russian and CIS markets in Dzerzhinsk in the region of Nizhny Novgorod. These products are used primarily in the manufacture of car tires and technical rubber products such as hoses and seals.
About Rhein Chemie:
Rhein Chemie develops, produces and sells additives, specialty chemicals and service products for the rubber, lubricant and plastics industries. Rhein Chemie has approximately 1,000 employees worldwide. The company is headquartered in Mannheim, Germany and has production facilities in Europe, Asia and North and South America. Rhein Chemie is a wholly owned subsidiary of the specialty chemicals group LANXESS, Leverkusen, Germany.
Mannheim, 17. March 2011
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.