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Group structure

Legal structure

LANXESS AG is the parent company of the LANXESS Group and functions largely as a management holding company. LANXESS Deutschland GmbH and LANXESS International Holding GmbH are wholly owned subsidiaries of LANXESS AG and control the other subsidiaries and affiliates both in Germany and elsewhere.

A list of the principal direct and indirect subsidiaries of LANXESS AG and a description of the Group’s management and control organization are provided in the section "Group structure" of the Annual Report 2012.

Additions to the Group portfolio

We made no additions to our Group portfolio through acquisitions in the first quarter of 2013. Details about the scope of consolidation are provided in the Notes to the Condensed Consolidated Interim Financial Statements as of March 31, 2013.

Business and strategy

The LANXESS Group is structured in three segments with, as of January 1, 2013, 14 business units, each of which conducts its own operations and has global profit responsibility. In response to the growing significance of the global EPDM rubber business, we divided the Technical Rubber Products business unit within the Performance Polymers segment into two new units, effective as of the beginning of the year. The newly formed Keltan Elastomers business unit focuses exclusively on synthetic ethylene-propylene-diene rubber (EPDM). The remaining Technical Rubber Products portfolio has been renamed the High Performance Elastomers business unit. No other changes have been made to the Group’s organizational structure or strategy so far this year. The business units are supported by centralized services and by local organizations in the countries. Further details are given in the Annual Report 2012.

There were no material changes to the production base, product portfolio or principal sales markets in the reporting period.

Service