Lanxess Archives - Page 7 of 13 - Tyrepress

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Voluntary tyre labelling starts in South Korea

Compulsory tyre labelling is scheduled to be introduced in South Korea in November 2012. As preparatory stage towards its implementation, on 14 November 2011 the country introduced tyre labelling on a voluntary basis. Reporting the commencement of voluntary labelling by South Korea’s Ministry of Knowledge Economy, specialty chemicals firm Lanxess notes that the ministry views tyre labelling as a major part of its overall plan towards a “greener society” and it expects nationwide energy savings of 350,000 TOE (Tons of Oil Equivalent) and greenhouse gas emission reduction by around one million tons of CO2 emissions per year.

18th November 2011/by Tyrepress Editors

Lanxess to invest in Brazil facilities

Tyre industry customers will benefit from one of three recently announced Lanxess investments in Brazil. The company reported on October 6 that it will build two new plants at its Porto Feliz site, which is located State of São Paulo. One of these new facilities, run by the Lanxess subsidiary Rhein Chemie, will produce Rhenoshape curing bladders, a product used to give tyres their final shape and properties. The new Porto Feliz plant will also manufacture the rubber additive Rhenogran.

10th October 2011/by Tyrepress Editors

Lanxess joins DJSI World index

As of today, specialty chemicals company Lanxess enters the Dow Jones Sustainability Index (DJSI) World index. In announcing its addition to the index, company Management Board member Werner Breuers commented: “Sustainable economic success is impossible without a diligent approach to the environment and society. This conviction is part of Lanxess’ philosophy. That is why the principle of sustainable development is firmly anchored in our corporate strategy.”

19th September 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

Continental AG manager investigated for Corruption

One of Continental AG’s managers is reportedly under police investigation relating to corruption allegations. Following an article in Germany's Bild newspaper, Bloomberg reported that Frankfurt prosecutor’s office confirmed that such an investigation is underway.

4th August 2011/by Tyrepress Editors

Lanxess and Triangle sign rubber supply deal

German specialty chemicals company Lanxess and Chinese tyre maker Triangle Group have strengthened their long-term partnership with the signing of a halobutyl rubber supply agreement. Under the terms of the agreement, which was signed at Triangle’s headquarters in Shandong Province by Ron Commander, global head of Lanxess’s butyl rubber business unit, and Lin Bin, senior vice-president of Triangle Tyre, Lanxess will supply Triangle with halobutyl rubbers from 2012 to 2014. Financial details of the agreement have not been disclosed.

26th July 2011/by Tyrepress Editors

Lanxess signs UN Global Compact

Launched in 2000 by the then UN secretary-general Kofi Annan, the United Nations Global Compact is a global initiative for corporate social responsibility that sets out principles in the areas of human rights, labour standards, environmental protection and anti-corruption. Today the Global Compact boasts over 8,000 signatories from 135 countries; Germany’s Lanxess has now added its name to this list.

19th July 2011/by Tyrepress Editors

Rhein Chemie buys Wacker’s tyre release agents business

Rhein Chemie Rheinau GmbH has opted to expand its product range for into tyre release agents by acquiring this part of Wacker Chemie AG’s operations on 8 July 2011. The two parties agreed to keep the purchase price confidential. According to the companies, Wacker’s tyre release agents business achieved sales amounting to a mid single-digit million euro amount in 2010. The acquisition reportedly makes Rhein Chemie the world leading supplier of tyre release agents. Rhein Chemie is itself a wholly-owned subsidiary of Lanxess from Leverkusen, Germany.

11th July 2011/by Tyrepress Editors

Korean tyre labelling “fits perfectly to the Lanxess strategy”

South Korea’s reported June 15 announcement regarding the introduction of voluntary tyre labelling before the end of this year and mandatory labelling a year later is being billed by Lanxess as a “huge success” for its global public affairs strategy. The German specialty chemicals firm shares that South Korea’s “Ministry of Knowledge Economy” has announced the commencement of a formal process for the implementation of a tyre labelling in the country with a “pre-notification” note. According to Lanxess the Korean government body plans to begin voluntary tyre labelling in November 2011 and introduce mandatory labelling in November 2012 – the month the EU tyre label becomes mandatory.

6th July 2011/by Tyrepress Editors

Lanxess lifts synthetic rubber prices

As of July 1 the per tonne price for Lanxess’s Perbunan and Krynac synthetic rubber ranges and its Baymod and Nanoprene products increased by 150 euros. The given reason for this price adjustment is a rise in manufacturing costs.

4th July 2011/by Tyrepress Editors

Four suppliers honoured in inaugural Michelin awards ceremony

On June 15, Michelin presented awards to four of its suppliers in recognition of their exceptional contribution in 2010. Held in the tyre maker’s home town of Clermont-Ferrand, the ceremony followed a rigorous assessment of the Michelin Group’s portfolio of suppliers.

20th June 2011/by Tyrepress Editors

Michelin Supplier Award a ‘great honour’ for Lanxess

Lanxess has expressed its pride in receiving one of the inaugural Michelin Supplier Awards. The German specialty chemicals company was one of a number of key suppliers acknowledged by Michelin at an awards ceremony held in France on June 15, and upon receiving the company’s award Dr. Joachim Grub, head of Lanxess’ Performance Butadiene Rubbers business unit stated “we consider it a great honour to be one of the winners of the first Michelin Supplier Award.

17th June 2011/by Tyrepress Editors

Lanxess to build Singapore Nd-PBR plant

Following a feasibility study evaluating potential locations throughout Asia, Lanxess has announced plans to erect a second synthetic rubber facility on Singapore’s Juron Island. A memorandum of understanding on the new plant is scheduled to be signed by the German company’s CEO Axel C. Heitmann and Singapore Economic Development Board chairman Leo Yip on June 2; the signing ceremony has been scheduled to coincide with German Chancellor Angela Merkel’s first-ever visit to Singapore.

1st June 2011/by Tyrepress Editors

Lanxess progresses with HQ relocation plan

Following a two year recession-related delay, plans for German specialty chemicals group Lanxess to transfer its corporate headquarters from Leverkusen to the nearby city of Cologne are back on track. More than 1,000 Lanxess employees will make the 15 kilometre move to a newly renovated 22-storey building in the second half of 2013; the new headquarters’ opening will bring almost all the company’s management functions under one roof.

18th May 2011/by Tyrepress Editors