Leverkusen, will now position itself as a specialty chemicals group following the divestment of its Lustran Polymers business unit. “Our place is as a specialty chemicals group at the core of the chemical industry,” declared Management Board Chairman Axel C. Heitmann.
“This is where we have the best expertise, already occupy leading market positions, have an excellent customer base, operate close to the final markets and can exploit the advantages of our global asset network,”
he stressed. As part of a systematic market orientation, LANXESS will organize its 13 business units into three segments starting in October 2007 following the divestment of the commodity plastics activities. The new segments are named Performance Polymers, Advanced Intermediates and Performance Chemicals.
The new segments at a glance:
Performance Polymers:
The new Performance Polymers segment comprises the Butyl Rubber, Polybutadiene Rubber, Semi-Crystalline Products and Technical Rubber Products business units. All the polymer-based businesses – in other words, the former Performance Rubber segment and the Semi-Crystalline Products (SCP) business unit – are grouped together here. The Engineering Plastics segment, which previously belonged to SCP, ceases to exist.
Advanced Intermediates:
The former Chemical Intermediates segment is to be renamed Advanced Intermediates in order to emphasize the premium quality of its products. This new segment includes the Basic Chemicals and Saltigo business units. The Inorganic Pigments business unit, which was previously incorporated in this segment, will be integrated into the Performance Chemicals segment.
Performance Chemicals:
This segment will focus on specialty products. Performance Chemicals incorporates the Functional Chemicals, Inorganic Pigments, Ion Exchange Resins, Leather, Material Protection Products, Rhein Chemie and Rubber Chemicals business units.
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