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Price rise for Lanxess rubber chemicals

Company News, International News

From 1 April 2014, global prices for Lanxess rubber chemicals will increase in response to raw material price rises and unfavourable exchange rate effects. The adjustment will impact all product lines, including Vulkanox antidegradants, Vulkacit accelerators as well as specialty chemicals such as bonding agents (Cohedur), retarders (Vulkalent), plasticizers (Vulkanol), zinc oxides (Zinkoxyd aktiv) and DBD based peptizers (Renacit). The price increases will range from €0.10 to €0.70 per kilogramme (US$0.15 to $1.00) depending on the product and region.

25th March 2014/by Tyrepress Editors

April start at Lanxess for Heitmann replacement Zachert

Career Tracks, Company News

Lanxess shares that Matthias Zachert, named Axel Heitmann’s successor as Board of Management chairman following the latter’s departure from the specialty chemicals firm at the end of February, will resume his career with the company on 1 April. Zachert is currently chief financial officer of Merck KGaA and the functions he will take on at Lanxess are at present being performed by chief financial officer Bernhard Düttmann.

6th March 2014/by Tyrepress Editors

Heitmann leaving Lanxess – former CFO filling his shoes

Career Tracks, Company News

Effective 28 February 2014, Axel C. Heitmann will step down as member and chairman of the Lanxess AG Board of Management. His successor will be Matthias Zachert, who served as chief financial officer at Lanxess between 2004 and 2011 and is currently chief financial officer at Merck KGaA. Zachert will begin his new role at Lanxess not later than 15 May 2014. Prior to Zachert joining the Lanxess Board of Management, current Lanxess chief financial officer Bernhard Düttmann will carry out Heitmann’s responsibilities.

27th January 2014/by Tyrepress Editors

Lanxess rubber chemical prices to rise

New Year, new prices. As of 1 January, German specialty chemicals firm Lanxess will increase prices for the rubber chemicals supplied by its Rubber Chemicals business units. The company says this move is necessary to offset raw material cost increases expected in the first quarter of 2014.

16th December 2013/by Tyrepress Editors

Lanxess adjusts rubber chemical prices

Prices for Lanxess’ Vulkanox (antidegradant) and Vulkacit (accelerator) rubber chemicals, two products used in tyre manufacture, will increase as of 1 July. Lanxess says the new pricing is required to offset higher production costs. The price increases will range between 0.05 Euro/kg and 0.20 Euro/kg (0.10 US$ and 0.30 US$), depending on the product and region.

18th June 2013/12,345 Comments/by Tyrepress Editors

Royalties from Cabot-Michelin agreement begin flowing

US-based speciality chemicals company Cabot Corporation has announced reaching “another key milestone” in its technology licensing agreement with Manufacture Francaise des Pneumatiques Michelin for use of Cabot’s patented elastomer composite technology in tyre applications. Regular royalty payments to Cabot have now begun and will extend through fiscal 2022.

30th January 2013/by Tyrepress Editors

Joint venture seeks new tyre applications for urethanes

Use in tyres, particularly in harsh environments such as underground mines, is just one of a number of areas the product of a new partnership will be applied to. Specialty chemicals company Chemtura Corporation and machinery firm Caterpillar Inc. have announced their entry into a joint venture agreement to explore “novel applications” for Chemtura’s Duracast hot-cast urethane pre-polymer technology for construction and mining equipment.

18th December 2012/by Tyrepress Editors

John McGlade elected to Goodyear Board

The Board of Directors at the Goodyear Tire & Rubber Company now has 12 members following the election of John E. McGlade. When not sitting on Goodyear’s board, McGlade is chairman, president and chief executive officer of Air Products & Chemicals Inc.

5th December 2012/by Tyrepress Editors

Brazil studying proposals for new tyre regulation

International News

Brazil’s government has carried out a public consultation to determine regulations for tyres sold in the country in preparation for legislations towards greener tyres. Chemicals manufacturer Lanxess reports that the consultation was performed last month and the government is now analysing the suggestions it received; these will be published before the end of the year.

13th August 2012/by Tyrepress Editors

Rhein Chemie acquires US bladder manufacturer

German specialty chemicals manufacturer Lanxess says its position as a premium supplier to the tyre industry has been strengthened by its subsidiary Rhein Chemie’s acquisition of US-based bladder manufacturer Tire Curing Bladders LLC (TCB) for an undisclosed sum. The deal, which closed with immediate effect, sees Rhein Chemie as the proud owner of a firm with the capacity to produce more than 400,000 bladders per annum. TCB primarily serves the North American market and achieved sales of more than US$21 million in 2011. The company employs around 100 people.

19th March 2012/by Tyrepress Editors

Lanxess renames new headquarters building

Lanxess may still a year away from moving into its new home, yet anybody passing by the future site of the company’s global headquarters in Cologne, Germany will be left with no doubt as to whose digs it is. The specialty chemicals company has renamed the former Lufthansa building, which is currently undergoing renovations ahead of the arrival of Lanxess’ employees in the second half of 2013, and from now on it will be known as the Lanxess Tower. The name was chosen from more than 600 staff suggestions.

30th January 2012/by Tyrepress Editors

Buyer for Sibur tyre business may emerge by year’s end

A buyer for Sibur Holding’s tyre business may be announced before the end of this year, Bloomberg reports. New owners Leonid Mikhelson and Gennady Timchenko are apparently “close” to securing buyers for Sibur-Russian Tyres plus the company’s Sibur-Fertilizers business; their sale forms part of the owners’ new focus on specialty chemicals, Bloomberg states.

28th November 2011/by Tyrepress Editors

Lanxess raises full-year guidance

Lanxess AG has lifted its full-year guidance for 2011 on the back of strong second quarter results. The German specialty chemicals company now expects its EBITDA pre-exceptionals to grow about 20 per cent year-on-year after previously forecasting a growth of 10 to 15 per cent. During the second quarter the company’s EBITDA pre-exceptionals rose 26 per cent year-on-year to 339 million euros.

16th August 2011/by Tyrepress Editors

Five more years at Lanxess helm for Heitmann

At its meeting on August 10, the Supervisory Board of German specialty chemicals supplier Lanxess renewed Dr. Axel C. Heitmann’s tenure as chairman of the Board of Management for a further five years. This extension will take effect on July 1, 2004. Heitmann has held the position since September 2004.

11th August 2011/by Tyrepress Editors

900M euro Evonik carbon black divestment complete

Evonik Industries reports successfully completing the divestment of its carbon black activities on July 29, 2011. The sale of the business to Rhône Capital and Triton Partners is valued at over 900 million euros, the company added.

1st August 2011/by Tyrepress Editors