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Highlights Q3 2013

Foto: Lanxess steigert Wettbewerbsfähigkeit

LANXESS increases competitiveness

LANXESS is acting to address the challenges posed by the current economic situation – especially for its rubber business – with the “Advance” program announced at the company’s Media and Analysts’ Day. The aim is to achieve about €100 million in annual savings from 2015 onward through efficiency improvements and selective restructuring. This will lead to a reduction of about 1,000 in LANXESS’s global workforce by the end of 2015. Total exceptional charges of roughly €150 million will be taken for the “Advance” program in 2013 and 2014.

At the same time, LANXESS is exploring strategic options for certain non-core businesses that together employ some 1,000 people and account for roughly €500 million in sales and about €30 million in EBITDA pre exceptionals. In addition, the capital expenditure budget for this year was reduced to about €600 million, with the focus on the key strategic projects. The future emphasis will be on small projects and capacity expansions.

Photo: Claudia Nemat appointed to Supervisory Board of LANXESS AG

Claudia Nemat joins LANXESS Supervisory Board

The Cologne registry court on July 30, 2013 resolved that Claudia Nemat be appointed to the Supervisory Board of LANXESS AG with immediate effect. She assumed the position left vacant by the death of Ulrich Middelmann. An acknowledged expert on high-tech and corporate governance issues, Nemat has been a member of the Board of Management of Deutsche Telekom AG, Bonn, Germany, since October  2011. She is responsible for the Board area Europe and the strategic steering of technology. Before joining Deutsche Telekom, Nemat spent 17 years working in various positions for the consultancy McKinsey&Company.

Foto: Umzug der Konzernzentrale nach Köln erfolgreich abgeschlossen

Group headquarters move to Cologne successfully completed

LANXESS now manages its global operations from the LANXESS Tower in Cologne. The new Group headquarters unites all of the company’s central management functions under one roof for the first time, significantly improving efficiency. The LANXESS Tower is not only equipped with modern technology but also stands for sustainable architecture. Cologne has an infrastructure that is unique in North Rhine-Westphalia, with excellent transport connections. The city is also a renowned academic and research center, making it a magnet for the best talent.

The former LANXESS headquarters building in Leverkusen will now serve as the corporate headquarters of the Saltigo business unit. The relocation from Langenfeld to Leverkusen means Saltigo‘s headquarters will now be in the immediate vicinity of research and production operations, allowing the business unit to more efficiently pursue its growth aspirations. The company plans to invest up to €100 million in its agrochemical active ingredients business in Leverkusen through 2015.

Successful switch to innovative ACE technology

Foto: Erfolgreiche Umstellung auf innovative ACE-Technologie

LANXESS has converted its largest production line for Keltan EPDM rubber at the site in Sittard-Geleen, Netherlands, to the innovative ACE technology. The project was completed on schedule and within budget. The capital expenditure volume for the conversion amounted to approximately €12 million. The new line has a capacity of 95,000 metric tons per year, which is more than half the total capacity of what is currently the world’s largest EPDM facility. The ACE process enables LANXESS to supply a very broad range of high-quality EPM and EPDM grades in consistent quality, chlorine-free and with high degrees of purity. The process also uses less energy and produces no catalyst waste.

ACE technology will also be used at the new world-scale facility in Changzhou, China. Construction of this plant is fully on schedule. Some 45% of the total €235 million investment is due to be made by the end of 2013. The plant will have a capacity of 160,000 metric tons per year and is expected to be completed at the end of 2014. Start-up is planned for 2015.