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Highlights Q3 2012

LANXESS joins the DAX

Following the decision by the Stock Indices Working Group of Deutsche Börse AG to include LANXESS AG in the German benchmark index DAX 30, the company has been a member of this index since September 24, 2012. Now ranking among Germany’s 30 largest listed companies, LANXESS previously formed part of the MDAX midcaps index for seven years. In addition, LANXESS has been admitted to the Dow Jones Sustainability Index World (DJSI World), one of the most important international sustainability indices, for the second consecutive year.

Photo: LANXESS CEO Axel C. Heitmann awaits the company’s first opening price as a member of the DAX together with Gregor Pottmeyer, Chief Financial Officer of Deutsche Börse AG.
LANXESS CEO Axel C. Heitmann awaits the company’s first opening price as a member of the DAX together with Gregor Pottmeyer, Chief Financial Officer of Deutsche Börse AG.

LANXESS sets new mid-term earnings goal

Confident that it is strategically well positioned to continue on a path of expansion, LANXESS announced a new medium-term growth target at its Media and Capital Markets Days in New York. The aim is to achieve EBITDA pre exceptionals of €1.8 billion in 2018. The target of €1.4 billion EBITDA pre exceptionals originally set for 2015 is now due to be reached in 2014.

LANXESS opens first plant for high-tech plastics in the U.S.

In September, LANXESS inaugurated its first production plant for high-tech plastics in the United States. The new €15 million compounding facility in Gastonia, North Carolina, was built in response to the growing demand for premium lighter-weight plastics parts. The United States is the largest market for high-tech plastics. The site is located on the edge of the “auto belt” in the southern United States, where numerous car manufacturers and automotive suppliers are based.

App shows the advantages of “green tires”

Photo: App shows the advantages of “green tires”

LANXESS has launched a new fuel-savings calculator to help car owners to save money and protect the environment. The software, available free in app and internet versions, provides quick and simple answers to three important questions: How much money can I save with fuel-efficient, high-quality tires? How many months will it take before my investment in these tires pays off? By how many kilograms do they reduce a vehicle’s CO2 emissions? The software was developed jointly with the Technical University of Munich and tested and certified by the TÜV Rheinland technical inspection agency.

LANXESS strengthens its position in lightweight technology

LANXESS is adding to its innovative portfolio of lightweight materials for the automotive industry with the acquisition of Bond-Laminates GmbH. Founded in 1997, Bond-Laminates is based in Brilon in the German state of North Rhine-Westphalia and specializes in developing and manufacturing customized plastics composites. LANXESS has already collaborated with Bond-Laminates on several successful projects for the automotive industry since 2006.

LANXESS premieres AA-rated concept tire

LANXESS has underlined its innovative capability in the area of synthetic rubber by unveiling its new AA concept tire. The concept tire is among the first to earn a double-A rating under the E.U.’s new tire labeling regulations and enables the company to offer materials that have already been subjected to rigorous testing. This represents added value for customers, who can therefore bring new tires to market more quickly and strengthen their competitive positions.

Important investments in Asian emerging markets

Photo: Major investments in Asian emerging markets

LANXESS is making its largest investment in China to date: in Changzhou (Jiangsu Province) the company is investing €235 million to build a new plant for EPDM synthetic rubber that is due on stream in 2015 and will have a capacity of 160,000 metric tons per year. The largest facility of its kind in the world, this plant will use the sustainable Keltan ACE technology to produce a range of premium EPDM grades specially tailored to the needs of Chinese customers. China will continue to be the largest net importer of EPDM in the coming years.

In addition, LANXESS has broken ground in Singapore for its new neodymium-catalyzed performance butadiene (Nd-PBR) plant, the largest of its kind in the world. The company is investing roughly €200 million in this facility on Jurong Island, which is expected to start up in the first half of 2015. With a capacity of 140,000 metric tons per annum, it will serve the growing market for “green tires,” especially in Asia.