Rhein Chemie sales grow to EUR 346 million in fiscal 2013
Thursday, 20. March 2014 Rhein Chemie, a wholly owned subsidiary of specialty chemicals company LANXESS, achieved global sales of EUR 346 million in fiscal 2013, a slight increase over the previous year (EUR 344 million).
• Sales growth in China up 12 percent
• Largest market is the United States
• Newly opened and expanded production facilities
• Rhein Chemie celebrates its 125th anniversary
Rhein Chemie, a wholly owned subsidiary of specialty chemicals company LANXESS, achieved global sales of EUR 346 million in fiscal 2013, a slight increase over the previous year (EUR 344 million). The strong euro in particular put a dampener on sales development.
The LANXESS group generated sales of EUR 8.3 billion in 2013.
Rhein Chemie earned almost half its sales, or EUR 154 million, in Europe. The United States is now the largest market for Rhein Chemie, with sales of EUR 65 million. China posted the highest growth. Sales there rose by 12 percent over the previous year to EUR 50 million.
“We have already integrated our acquisitions extremely successfully into Rhein Chemie,” says Dr. Anno Borkowsky, CEO and President of Rhein Chemie Rheinau GmbH. “In the past fiscal year, we also opened new production facilities for bladders and rubber additives and expanded existing facilities to serve as a basis for future growth.” Rhenoshape high-performance bladders for tires are produced in the new plant in Porto Feliz, Brazil. The new production site in Lipetsk, Russia, produces the globally successful Rhenogran product line (predispersed polymer-bound rubber additives) that are used for manufacturing tires, seals and damping elements, for example. At its site in Qingdao, China, Rhein Chemie has further expanded its Rhenogran production capacity by adding another production line.
Investments at the Rhein Chemie headquarters in Mannheim
After an 18-month construction period involving a total investment volume of EUR 2.5 million, Rhein Chemie last year expanded a facility at its headquarters in Mannheim for producing additives for lubricant manufacturers and plastics processors. Rhein Chemie also invested EUR 1.8 million in the construction of a state-of-the-art social building with generously sized changing and shower rooms for production, laboratory and workshop staff. “The high quality of Rhein Chemie products is of vital importance to our customers. That is why we are continually investing in modernizing our facilities and in creating an inspirational working environment for our employees,” says Dr. Borkowsky.
125 years of focusing on the future
Rhein Chemie is celebrating its 125th anniversary this year. In 1889, two young chemists set up an enterprise and registered it under the name Mueller & Dubois oHG in Mannheim’s District court. Since then, the company has been promoting future-oriented developments with customized premium solutions. Today Rhein Chemie’s products stand for the highest efficiency and sustainability in the rubber, lubricant and plastics industry worldwide.
About Rhein Chemie
Rhein Chemie develops, produces and sells additives, specialty chemicals and service products for the rubber, lubricant and plastics industries. In fiscal 2013 Rhein Chemie achieved sales of EUR 346 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, Cologne, Germany.
Mannheim, 20. March 2014
bit (2014-03-803EN)
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.
