LANXESS lends Critical support for Nagda through its CSR initiatives

Nagda, December 17, 2019 – LANXESS India Private Limited, the leading specialty chemicals company has committed itself to setting up a 5 bed state-of-the-art Intensive Coronary Care Unit (ICCU) at the Nagda Civil Hospital as part of its Corporate Social Responsibility (CSR) outreach in Nagda. Neelanjan Banerjee, Vice Chairman and Managing Director, LANXESS India signed a Memorandum of Understanding with Shri Dilip Singh Gurjar, Member of Legislative Assembly from Khachrod - Nagda constituency and Chairman of Rogi Kalyan Samiti at an event organized at the Nagda Civil Hospital in the presence of media and esteemed dignitaries from the state and local administration in Nagda.

LANXESS India has pledged Rs.1.60 crores for its CSR projects in Nagda for the year 2019-2020. Apart from setting up the ICCU at the Nagda Civil Hospital, the funds will be utilized for other projects like installing solar street lights in Durgapura and Mehatwas, setting up drinking water storages in Takrawda and Bhikampur, providing buses for transportation of government school children and specially-abled children and greening of the Chambal riverbed, a step towards  increasing ground water levels.

These projects are in line with LANXESS’ vision for sustainable development and a better quality of life for the people of the Nagda region.

Over the years LANXESS has contributed towards the social development of Nagda on a continual basis.

Speaking on the occasion, Mr. Neelanjan Banerjee, Vice Chairman and Managing Director, LANXESS India said, “LANXESS has always kept the interests of the people of Nagda in mind before undertaking CSR projects in the region. With our recent announcement of our commitment to Climate Neutrality by 2040, we have increased our focus on topics of environment conservation. In the coming years, you will see more such projects from LANXESS taking shape. We take immense pride in working for the betterment of the people and will continue to do so in future.”

Commenting on the projects, Mr. Sanjay Singh, Site Head - Nagda, LANXESS India said, “These projects are in alignment with our vision of sustainable development and will help bring in a qualitative change in the lives of the residents. These projects will help us build a stronger and socio – corporate bond as we seek your support in effecting constructive change in the region. I also thank the Municipal Corporation of Nagda and the Nagda Civil Hospital for seeing merit in our efforts and partnering us.”

About LANXES

LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,400 employees in 33 countries and is represented at 60 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) 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.

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