Rhein Chemie sales grow to EUR 344 million in fiscal 2012
Wednesday, 20. March 2013 Rhein Chemie, a wholly owned subsidiary of specialty chemicals company LANXESS, grew its global sales in fiscal 2012 to EUR 344 million, a slight increase over the previous year (EUR 332 million).
• Good global position and strategic measures stimulate growt
• Strong increase in sales in the Americas, a plus of 25 percent
• Investment in core competencies for lubricant oil additives
Mannheim, March 21, 2013 – Rhein Chemie, a wholly owned subsidiary of specialty chemicals company LANXESS, grew its global sales in fiscal 2012 to EUR 344 million, a slight increase over the previous year (EUR 332 million).
The LANXESS group generated sales of EUR 9.1 billion in 2012.
Rhein Chemie earned about half its sales, or EUR 153 million, in Europe. The Americas region posted the highest growth. Compared to the previous year, sales rose there by 25 percent to EUR 95 million. The Asia/Pacific region expanded by 3 percent to EUR 96 million in the same period.
“Despite the increasingly difficult market environment in the second half of the year, we still managed to continue growing. That is due not only to Rhein Chemie’s good global position, but also to the strategic measures we have in place to strengthen our business,” said Anno Borkowsky, CEO and President of Rhein Chemie Rheinau GmbH. “For example, we successfully launched the production of rubber additives in Jhagadia, northern India, last year, and significantly expanded our portfolio for the tire industry once again by acquiring U.S.-based bladder specialist Tire Curing Bladders, United States. Currently we are building new production locations for bladders and rubber additives as a foundation for future growth.”
A new tire bladder manufacturing plant is scheduled to open in Porto Feliz, Brazil, in the first half of 2013. In the second half of the year, Rhein Chemie will be starting up production in Lipetsk, Russia, of predispersed, polymer-bound rubber additives, which are used to manufacture tires, seals, damping elements, etc.
Investment in core competencies for lubricant oil additives
The Lubricants business line likewise is being strengthened continuously. Rhein Chemie invested EUR 750,000 last year in a T6H pump test stand of Parker/Denison as part of efforts to expand the Technical Competence Center in Mannheim. This is used in the development of high-performance hydraulic packages, a core competency of Rhein Chemie. Furthermore, at its headquarters in Mannheim, the company currently is expanding production capacities for lubricant additives to meet the steadily rising demand.
About Rhein Chemie
Rhein Chemie develops, produces and sells additives, specialty chemicals and service products for the rubber, lubricant and plastics industries. In fiscal 2012 Rhein Chemie achieved sales of EUR 344 million and has approximately 1,100 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, 20. March 2013
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.