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Highlights Q1 2013

Foto: Der Lanxess Vorstand auf der Bilanzpressekonferenz 2013
The members of the LANXESS Board of Management at the Annual Press Conference 2013: Dr. Rainier van Roessel, Dr. Axel C. Heitmann, Dr. Bernhard Düttmann, Dr. Werner Breuers (left to right)

LANXESS presents strong results for 2012

In 2012, LANXESS experienced the best year of its growth story so far, with improvements in all key financial data. Group sales grew by 4% to €9,094 million. EBITDA pre exceptionals rose by 7% to €1,225 million, thus coming in within the target corridor of a 5% to 10% increase. The EBITDA margin pre exceptionals amounted to 13.5%, compared with 13.1% in the previous year. Net income and earnings per share improved by 2% each to €514 million and €6.18, respectively. It will be proposed to the Annual Stockholders’ Meeting on May 23, 2013, that a dividend of €1.00 per share be paid for 2012. This would be nearly 18% more than for 2011 and would result in a payout of roughly €83 million.

Dichlorobenzene capacity expanded at the Leverkusen site

LANXESS has increased its dichlorobenzene capacity by more than 15%. High-purity para-dichlorobenzene is an important starting material for the production of the high-tech plastic polyphenylene sulfide (PPS). LANXESS estimates future growth in the PPS market at between 6% and 8% percent annually. Another isomer that occurs during dichlorobenzene production is ortho-dichlorobenzene. Downstream processes at LANXESS use this to produce high-grade base materials for the production of crop protection products for the global agricultural market, which is also showing solid development.

New Keltan Elastomers and High Performance Elastomers business units

Due to the growing importance of the global business with synthetic ethylene propylene diene monomer (EPDM) rubber, LANXESS split the Technical Rubber Products business unit within the Performance Polymers segment into two independent business units with effect from January 1, 2013. The new Keltan Elastomers business unit now focuses on the manufacture and marketing of EPDM. The remaining business of Technical Rubber Products, including a number of high-performance rubbers and specialties for a broad spectrum of applications, will continue under the new name High Performance Elastomers. The new alignment enables both business units to attend even more closely to the requirements of their specific markets and thus attain further growth.

LANXESS on a path of growth in central and eastern Europe

The distribution company LANXESS Central Eastern Europe s.r.o., based in Bratislava, Slovakia, has enjoyed significant growth since it was established five years ago. Both the business itself and customer relationships in the region have been steadily expanded and improved since 2008. Sales in the five core markets of Poland, Austria, Slovakia, the Czech Republic and Hungary have risen by more than 40% during this period, reaching €306 million in 2012. The company’s innovative technologies and high-performance products for the tire and automotive industries are key growth drivers. In recent years the central and eastern Europe region has developed into a major center of the European automotive industry.

Foto: Bratislavaer Burg

LANXESS reinforces its position as the world’s leading high-performance rubber producer

With a capital investment of €80 million at the site in Triunfo, Brazil, LANXESS is to convert the previous production facility for emulsion styrene butadiene rubber (E-SBR), used in standard tires, to manufacture styrene butadiene rubber (S-SBR), which is used in “green tires.” As of the end of 2014, the capacity for S-SBR will be 110,000 metric tons per year, the same as the current E-SBR capacity. Up to 500 additional people will be employed during the conversion phase. Customers requiring E-SBR will in future be served by the company’s plant in Duque de Caxias, Brazil.

New pigments facility to be built in China

LANXESS is considerably expanding its range of Bayferrox® light iron oxide red pigments, which are mainly needed by paints and coatings producers, with the construction of a new plant in Ningbo in the eastern Chinese province of Zhejiang. The facility will be built according to the latest environmental standards and have an initial annual capacity of 25,000 metric tons. Construction is scheduled to begin in the second quarter of 2013, with production due to start in the first quarter of 2015. Production will take place using the Penniman process, optimized by LANXESS, which is particularly energy-efficient. Improvements in water treatment and waste gas cleaning will ensure the new plant is especially eco-friendly. Some €55 million will be invested and about 150 new jobs created.