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2015-03-31

LANXESS continues its commitment to education with Teach for India

Thane, March 31, 2015: LANXESS India Private Limited, a subsidiary of leading global specialty chemicals company LANXESS, is continuing its association with Teach For India (TFI) as a part of its pledged five year commitment to support the not-for-profit organization’s efforts towards providing quality education to children. The company has committed a sum of  EUR 75000 (approx. INR 53 lakhs) per year for projects in India for the period 2014 - 2018.

Dr. Jacques Perez, Managing Director and Country Representative, LANXESS India Pvt. Ltd. handed over the cheque to Ms. Gayatri Lobo, Chief Operating Officer, Teach For India (TFI) at LANXESS House in Thane. LANXESS has been contributing to TFI since 2010, starting with a sum of EUR 50,000 per year. LANXESS has supported 50 TFI fellows (trained teachers on a 2 year full time paid commitment) and around 1,820 students directly so far. This contribution helps TFI to sustain their current operations in Mumbai. LANXESS has also engaged with TFI students whenever possible – for example, a tour around LANXESS office for select students was organized on Children’s Day in 2012 and children were invited to LANXESS Annual Day in December 2014.

On this occasion, Dr. Perez, said, “We believe in the vision of Teach for India and it complements our corporate social responsibility framework. Education is one of the areas in our framework that we strongly support and improving the quality of education of young children is a fundamental step towards securing the future.”

Ms. Lobo added, “We are thankful to LANXESS for their continued support and encouragement in our earnest endeavor of improving children’s lives through education. Our fellows are striving every day to bring out the best in every child and handholding them on the path to a bright future. The sponsorship from corporates like LANXESS gives us confidence to sail forward in this journey.”

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.

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, by using innovative methods in classroom.

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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