Lanxess (LXS) is a German specialty chemicals company based in Cologne. It develops, produces and sells additives, chemical intermediates, plastics and specialty chemicals. Currently, it employs around 19,000 people, working in 25 countries worldwide, and operates 75 production sites globally. Lanxess share price can be found on the Frankfurt Stock Exchange and included in the Dow Jones Sustainability Index (DJSI) World, MDAX, FTSE4Good Index, etc.
Company’s history tracks back to 1863 when the Bayer AG, the largest German multinational pharmaceutical and life sciences company, was founded. Lanxess grew from a strategic reconstruction of the Bayer Group’s plastics and chemical divisions by the end of 2004.
The Lanxess share price had been listed as a part of DAX Index from 24 September 2012 to 21 September 2015.
In 2016, The company acquired Chemtura, the US, and therefore began to focus more on the market for additives for lubricants and fire retardants, as well as it placed its rubber business into a joint venture with Aramco, Saudi Arabia.
On 8 February 2018, the Lanxess successfully completed an acquisition of the phosphorus chemicals business from Solvay, Belgium, including its US production site in Charleston, South Carolina.
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