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2015-03-31

LANXESS India takes a step towards optimizing business portfolio: Strategic sale of a small part of its assets in Nagda

Nagda, March 31, 2015: LANXESS India Private Limited, subsidiary of  leading global specialty chemicals company LANXESS, has executed a strategic sale of its asset in Nagda, manufacturing high-quality aqueous carbon black dispersions. The deal has been concluded with global specialty chemicals player, Clariant. The asset is located at a separate site - 1.5 kms away from the main larger LANXESS site in Nagda, which is part of the company’s business unit Advanced Industrial Intermediates (AII).

The business unit AII manufactures products like Benzyl Chloride, Benzyl Alcohol, Benzaldehyde, Thionyl Chloride, Benzyl Acetate and Cinnamic  Aldehyde at its site in Nagda. The carbon black dispersions business formed less than 2% of the BU AII India’s overall portfolio. This sale is part of the AII business unit’s strategy to focus on its core business.

The carbon black dispersion plant was established in 1993 by Gwalior Chemicals. After the acquisition of Gwalior by LANXESS in 2009, the plant has been wholly owned by LANXESS India Private Limited.

Mr. Neelanjan Banerjee, Senior Vice President, BU – AII and Senior Executive Director, LANXESS India: “Our AII business unit in India is an important supplier of chemical intermediates to a variety of end application segments in the domestic as well as overseas export markets. We would continue to focus our energies on these businesses in order to maintain leadership positions in these areas in different global markets.”

Commenting on this development, Dr. Jacques Perez, Managing Director and Country Representative, LANXESS India, said: “At LANXESS, we continuously evaluate our businesses as part of our global strategy which aims to constantly improve our operational and business portfolio competitiveness as well as optimise our production networks. This deal with Clariant, a step towards the same goal, is a win-win strategy for both the companies as we move forward.”

LANXESS is a leading specialty chemicals company with sales of EUR 8.0 billion in 2014 and about 16,600 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.

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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