Rhein Chemie

Rhein Chemie surpasses EUR 300 million sales mark in fiscal 2011

Rhein Chemie surpasses EUR 300 million sales mark in fiscal 2011

Thursday, 22. March 2012 Rhein Chemie Rheinau GmbH, a wholly owned subsidiary of specialty chemicals company LANXESS, posted strong sales growth of 17 percent year on year in fiscal 2011. The Rhein Chemie group's global sales rose to EUR 332 million. The LANXESS group achieved sales of around EUR 8.8 billion in fiscal 2011.

• Rhein Chemie group’s global sales up 17 percent to EUR 332 million
• Further expansion of position in rubber industry with three acquisitions
• First acquisition already completed in first quarter of 2012

Mannheim, March 22, 2012 – Rhein Chemie Rheinau GmbH, a wholly owned subsidiary of specialty chemicals company LANXESS, posted strong sales growth of 17 percent year on year in fiscal 2011.
The Rhein Chemie group’s global sales rose to EUR 332 million. The LANXESS group achieved sales of around EUR 8.8 billion in fiscal 2011.

“With three strategic acquisitions in the past year, we have successfully expanded Rhein Chemie’s business with tire manufacturers and other rubber processors,” said Anno Borkowsky, CEO of Rhein Chemie. “Our extended portfolio of solutions has been very well received by customers. This huge success proves that we are on the right track.”

The main growth driver was the Rubber business line, where sales rose by just under 24 percent. The LOA business line, which specializes in industrial lubricant additives, grew by more than 13 percent on the previous year. Sales remained constant at Rhein Chemie’s third business line, Engineering Plastics, which produces additives for plastics and polyurethane.

Around half of all sales – some EUR 163 million – were generated in Europe, which remains Rhein Chemie’s biggest market. Rhein Chemie’s global sales trend was reflected in the company’s domestic market of Germany, too, where sales grew by 17 percent. Sales of EUR 93 million were posted in the Asia/Pacific region and sales of EUR 76 million were generated in the Americas region.

Global rise in employee numbers

The number of employees worldwide increased by a total of 230 in 2011, due in part to the acquisition of Darmex. Some 20 new employees were hired at the company’s headquarters in Mannheim, Germany. Taking into account the acquisition one week ago of Tire Curing Bladders LLC, Little Rock, Arkansas, United States, Rhein Chemie now has around 1,100 employees worldwide.

Good start to fiscal 2012

Anno Borkowsky is optimistic about the prospects for the new fiscal year:

“Rhein Chemie made a good start to the first quarter. Our new product line of additives for water-miscible metalworking fluids, for example, should help boost growth even further in our industrial lubricant additives business. The acquisition of U.S. bladder manufacturer Tire Curing Bladders (TCB) last week marked yet another milestone in the expansion of our business with tire manufacturers.”

In 2011, Rhein Chemie took over Argentinian release agent and bladder specialist Darmex and purchased the tire release agent business of Wacker Chemie, thus strengthening its portfolio of services. In February, Rhein Chemie was named Tire Industry Supplier of the Year at the Tire Technology Expo exhibition and conference.

About Rhein Chemie:

Rhein Chemie develops, produces and sells additives, specialty chemicals and service products for the rubber, lubricant and plastics industries. In fiscal 2011 Rhein Chemie achieved sales of EUR 332 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, 22. March 2012
bit (2012-03-807EN)

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.