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2017-06-22

Governor of Arkansas visits LANXESS German headquarters in Cologne, Germany

Pittsburgh – June 22, 2017 – The Governor of Arkansas, Asa Hutchinson, visited LANXESS CEO Matthias Zachert at the global headquarters in Cologne, Germany today. LANXESS Corporation has an increased presence in Arkansas due to the recent acquisition of Chemutra Corporation in April. The exchange allowed a general review and introduction of LANXESS and it’s future development in Arkansas.

 

“Arkansas is even more important to us following the recent acquisition of Chemtura,” says Dr. Antonis Papadourakis, President and CEO of LANXESS Corporation. “Our strategy includes a strong focus on North America. The addition of the El Dorado manufacturing sites and people is an exciting one and makes LANXESS in the top five employers in the state of Arkansas.”

 

LANXESS has four manufacturing sites in Arkansas: one in Little Rock and three in El Dorado, employing a total of over 500 people.

 

The El Dorado, Arkansas location makes bromine based flame retardants and derivatives for the LANXESS Business Unit Bromine Solutions. Bromine is used primarily to make chemical intermediates – building blocks that are used by other manufacturers to make basic materials that become part of industrial and consumer products, agricultural chemicals and pharmaceuticals. Flame retardants are used in electrical and electronic products, insulation, home furnishings and the automotive industry. South Arkansas is a bromine-rich area having the second largest brine reserve in the world.

 

The Little Rock, Arkansas location operates as a production site for the LANXESS Business Unit Rhein Chemie Additives. Here, Rhein Chemie produces high performance curing bladders, which are used in the tire manufacturing process. 

LANXESS is a leading specialty chemicals company with sales of EUR 7.7 billion in 2016 and about 19,200 employees in 25 countries. The company is currently represented at 75 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.

 

Pittsburgh, June 22, 2017

 

Forward-Looking Statements

This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.