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Specialty chemicals group LANXESS got off to a good start to 2015 in a persistently challenging market and competitive environment. EBITDA pre exceptionals climbed by a substantial 11.7 percent in the first quarter to EUR 229 million, compared with EUR 205 million in the first quarter of 2014.
In fiscal 2014, specialty chemicals group LANXESS substantially improved its operating result and net income in a challenging market and competitive environment.
The specialty chemicals company LANXESS is making rapid progress with its three-phase realignment program.
Three-phase realignment program defined / Number of business units to be reduced from 14 to 10 / Administrative functions to be consolidated
The Supervisory Board of LANXESS AG has resolved at its meeting today to end, by mutual agreement, the appointment of Axel C. Heitmann as Member and Chairman of the Board of Management of LANXESS AG, effective the end of February 28, 2014.
The largest production line for the Keltan-branded EPDM synthetic rubber at the LANXESS’ site of Sittard, Geleen, The Netherlands, has been successfully converted to the company’s innovative ACE technology.