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2017-03-21

LANXESS named to Manufacturers Association Board of Directors

Pittsburgh, PA – March 21, 2017 – The National Association of Manufacturers (NAM) announced that LANXESS Corporation President and CEO, Antonis Papadourakis has been named to the NAM Board of Directors. Dr. Papadourakis will join the NAM Board to advance a manufacturing policy agenda that promotes growth and prosperity for all Americans.

 

Founded in 1895, the NAM, guided by its Board of Directors, is the largest industrial trade association in the United States with more than 14,000 members and is the nation’s most influential advocate for manufacturing. The NAM’s membership includes some of the world’s most iconic brands, and many of the small manufacturers who power the U.S. economy. Ninety percent of its members are small and medium-sized businesses.

 

“I am honored to be a part of the NAM Board and continue to work for policies that will ensure our continued growth and success as chemical manufacturers. I look forward to sharing my story and my experiences to strengthen our economy and create more opportunities for working families,”  said Papadourakis.

 

LANXESS Corporation, a subsidiary of LANXESS, is a specialty chemicals company headquartered in Pittsburgh, Pennsylvania with about 1,400 employees in 18 sites in North America. The chemical industry has direct involvement in more than 96% of all goods manufactured and employs over 810,000 people in the U.S.

 

“Antonis Papadourakis is a true leader in our industry, and he will bring valuable insights to the NAM Board of Directors,” said NAM President and CEO Jay Timmons. “Antonis knows what it takes to succeed in a changing global economy and the kinds of solutions we need to see from our elected leaders. With his voice and leadership, the NAM will be an even more effective advocate for our more than 14,000 members and for the industry that is the backbone of our country.”

 

LANXESS is a leading specialty chemicals company with sales of EUR 7.7 billion in 2016 and about 16,700 employees in 25 countries. The company is currently represented at 54 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, 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.

 

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.