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Rhein Chemie Corporation merges into LANXESS Corporation
Rhein Chemie Corporation no longer separate legal entity, now business unit of LANXESS Corporation
Pittsburgh, PA – August 3, 2015 – Effective August 1, 2015, the U.S. legal entity Rhein Chemie Corporation has merged into its parent LANXESS Corporation as business unit Rhein Chemie Additives. The merger is part of the previously announced LANXESS Group-wide restructuring program, “Let’s LANXESS Again”, initiated in 2014 that resulted in the merging of several business units.
The Rhein Chemie Additives business unit, which came into existence on January 1, 2015, is the combination of the former Functional Chemicals business unit, the former Rhein Chemie business, and the former LANXESS Rubber Chemicals business unit’s specialty chemicals product line.
About Rhein Chemie Additives
The Rhein Chemie Additives business unit develops, manufactures and distributes additives and services for polymer and specialty chemicals processors. Rhein Chemie Additives offers more than 4,000 customized agents, specialty chemicals and service products for the rubber, lubricant and plastics industries as well as colorants, water treatment products and pesticide manufacturing products.
LANXESS is a leading specialty chemicals company with sales of EUR 8.0 billion in 2014 and about 16,300 employees in 29 countries. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI World and DJSI Europe) and FTSE4Good. www.lanxess.us
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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