Lanxess AG is a German
specialty chemicals
Speciality chemicals (also called specialties or effect chemicals) are particular chemical products which provide a wide variety of effects on which many other industry sectors rely. Some of the categories of speciality chemicals are adhesives, agr ...
company based in
Cologne
Cologne ( ; german: Köln ; ksh, Kölle ) is the largest city of the German western States of Germany, state of North Rhine-Westphalia (NRW) and the List of cities in Germany by population, fourth-most populous city of Germany with 1.1 m ...
,
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
that was founded in 2004 via the spin-off of the chemicals division and parts of the polymers business from
Bayer AG
Bayer AG (, commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceutica ...
.
Shares in Lanxess AG were listed in Germany’s
DAX
Dax or DAX may refer to:
Business and organizations
* DAX, stock market index of the top 40 German companies
** DAX 100, an expanded index of 100 stocks, superseded by the HDAX
** TecDAX, stock index of the top 30 German technology firms
* Dax ...
from September 24, 2012 to September 21, 2015 and form part of
MDAX
The MDAX is a stock index which lists German companies trading on the Frankfurt Stock Exchange. The index is calculated by Deutsche Börse.
Until 2021 included the 60 Prime Standard shares from sectors that rank immediately below (in value of mar ...
, a midcap index. The company is listed in the
Dow Jones Sustainability Index and
FTSE4Good Index
The FTSE4Good Index Series is a series of ethical investment stock market indices launched in 2001 by the FTSE Group which reports on the performance of companies which demonstrate "strong Environmental, Social and Governance practices". A numbe ...
.
In 2016, the company began to focus on the market for additives for lubricants and
fire retardant
A fire retardant is a substance that is used to slow down or stop the spread of fire or reduce its intensity. This is commonly accomplished by chemical reactions that reduce the flammability of fuels or delay their combustion. Fire retardants m ...
s by acquiring
Chemtura
Chemtura Corporation was a global corporation headquartered in Philadelphia, Pennsylvania, with its other principal executive office in Middlebury, Connecticut. Merged into Lanxess in 2017, the company focused on specialty chemicals for various ...
and placing its rubber business into a joint venture with
Aramco
Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of ...
.
In February 2020, Lanxess acquired Brazilian biocide manufacturer Itibanyl Produtos Especiais Ltda. (IPEL).
In July 2022, Lanxess completed its acquisition of
International Flavors & Fragrances
International Flavors & Fragrances is an American corporation that produces flavors, fragrances, and cosmetic actives, which it markets globally. It is headquartered in New York City and has creative, sales, and manufacturing facilities in 44 di ...
' microbial control unit for US$1.3 billion.
Notes
External links
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{{Authority control
Chemical companies of Germany
Companies listed on the Frankfurt Stock Exchange
Chemical companies established in 2004
German brands
Manufacturing companies based in Cologne
Multinational companies headquartered in Germany
2004 establishments in Germany
Corporate spin-offs
Former Bayer subsidiaries
Companies in the MDAX