Lanxess keeping rubber chemicals businesses

Following a strategic review that began in September 2013, Lanxess has decided to retain its antioxidant and accelerators businesses after failing to receive an attractive offer. The two business lines will be merged into the Advanced Industrial Intermediates business unit. The restructuring is part of a group-wide realignment (“Let’s Lanxess Again”) that will reduce the company’s 14 business units down to 10 in 2015.

“We are certain that the decision to take forward rubber chemical operations inside Lanxess is the best option for long-term commercial success. Consolidating the business areas will generate synergies that will help us further improve our competitiveness,” said Hubert Fink, head of the Advanced Industrial Intermediates business unit.