Rhein Chemie

Rhein Chemie names Bruce Ernst Vice President, Polyurethanes / Plastics Americas – Company emphasizes Division as a strong contributor to future growth

Rhein Chemie names Bruce Ernst Vice President, Polyurethanes / Plastics Americas – Company emphasizes Division as a strong contributor to future growth

Friday, 07. July 2006 Rhein Chemie Corporation, a wholly owned subsidiary of chemicals company LANXESS Corporation, announced that Bruce Ernst has been named Vice President of the company's Polyurethanes / Plastics - Americas Division. This newly created position demonstrates the company's growing commitment to this specialty segment of its business.

Chardon, OH Rhein Chemie Corporation, a wholly owned subsidiary of chemicals company LANXESS Corporation, announced that Bruce Ernst has been named Vice President of the company’s Polyurethanes / Plastics – Americas Division. This newly created position demonstrates the company’s growing commitment to this specialty segment of its business.

Ernst brings to Rhein Chemie 25 years of experience in diverse areas of technology, manufacturing and business management in the polyurethanes and plastics markets including the foam, coatings, adhesives and elastomers segments. Formerly with Chemetall Corporation, Ernst has also previously worked at Air Products & Chemicals, Inc. and Lord Corporation.

“We have just begun to understand the breadth of applications in which our technologies can be used,” said Ernst. “Historically our efforts into new areas have been focused primarily in Europe. Although we have enjoyed good success in a limited number of markets here in the Americas, never before have we been given such a strong charter to push into this region with business and technology development efforts,” he added.
Along these lines, Rhein Chemie recently announced some breakthroughs in the use of its Stabaxol® additive technology in polyurethane adhesives, a 300 million pound U.S. market. Using several carbodiimides from the Stabaxol product range as hydrolysis stabilizers in adhesives results in a considerable increased performance. Therefore, the service life of the adhesive based on standard polyester polyols is significantly extended.

“At Rhein Chemie we will continue to build our Americas presence on developments like these, as well as increasing our business and technology infrastructure commitments,” Ernst concluded.

About Rhein Chemie

Rhein Chemie Corporation is a wholly owned subsidiary of LANXESS Corporation, Pittsburgh, PA. Rhein Chemie Corporation is part of the global business unit Rhein Chemie, which is an enterprise in the chemical industry with a history of success spanning over 100 years in the custom additives and services segment. The company with headquarters in Mannheim, Germany employs some 1,000 people whom each year manufacture and market products for numerous areas of the rubber, lubricant, plastics and polyurethane industries. The company has subsidiaries and production sites in Europe, Asia and North/South America.

About LANXESS

LANXESS Corporation was formed when the Bayer Group combined most of its chemical businesses and large segments of its polymer activities. The company began operating as a legal entity in the United States on July 1, 2004. LANXESS Corporation is a member of the German LANXESS Group that was spun-off from Bayer in January 2005. The LANXESS Group manufactures high-quality products in the areas of chemicals, synthetic rubber and plastics. The companies’ portfolio comprises basic and fine chemicals, color pigments, plastics, synthetic rubber and rubber chemicals, leather, textile processing chemicals, material protection products and water treatment products.

Chardon, 07. July 2006

Forward-Looking Statements

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.