LANXESS pledges another five years of support for Teach for India

Thane, February 4, 2014, LANXESS India Private Limited, the leading specialty chemicals company, as a part of its commitment towards education  is continuing its social responsibility programme, by extending its support for Teach For India (TFI), an Indian non-profit organization, which works towards providing quality education to children. Supporting the cause of education, a donation of around Rs. 53 lakhs per annum was made by LANXESS.

In a simple function at LANXESS House in Thane, Dr. Joerg Strassburger, Managing Director and Country Representative, LANXESS India Pvt. Ltd. handed over the donation cheque to Ms. Gayatri Lobo, Chief Operating Officer, Teach For India (TFI).   This renewed association comes on the heels of LANXESS’ support to the TFI since 2010.The company has been supporting the Ngo with financial aid to the tune of Rs. 30 lakhs per annum since then.

Teach For India is a nationwide NGO, that aims to eliminate inequity in education in India. Through its Fellowship program, TFI recruits qualified college graduates and working professionals to serve as full-time teachers in low-income schools for two years. Fellows work to bridge the educational gaps that their students face, in the hope of putting their students on a fundamentally different life path. Through the 'Teaching as Leadership' framework, Teach For India staff provides training and support to Fellows so that they can employ innovative teaching strategies to maximize their effectiveness in the classroom.

Commenting on the initiative, Dr. Joerg Strassburger, Managing Director and Country Representative, LANXESS India Pvt. Ltd. said, “We appreciate the work that Teach For India is doing in imparting quality education to school children and are happy to partner them in this cause. At LANXESS, we believe that education is the key to the future and are pleased to support Teach For India, in spreading the light of knowledge.”

Ms. Gayatri Lobo, Chief Operating Officer, Teach For India further added, “Teach For India feels proud to be associated with LANXESS since 2010. LANXESS has always been a strong supporter of our beliefs. At TFI, it is our vision that one day all children will attain an excellent education. We understand the importance of education but more importantly, we understand the value of children’s lives and the potential in every one of them.”

LANXESS believes in empowering education and has taken many initiatives in India, in the areas of education, skills training and preserving cultural heritage. LANXESS has previously contributed to NGOs, technical institutions and schools to support education in every region that it operates in.

About Teach For India (TFI):
Teach For India, a project of Teach To Lead, is a nationwide movement of outstanding college graduates and young professionals who will commit two-years to teach full-time in under resourced schools and who will become lifelong leaders working from within various sectors towards the pursuit of equity in education.

About LANXESS:
LANXESS is a leading specialty chemicals company with sales of EUR 9.1 billion in 2012 and roughly 17,500 employees in 31 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 FTSE4Good as well as the Carbon Disclosure Leadership Index (CDLI).

Forward-Looking Statements:
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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