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
bit (2013-03-802EN)
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.
