The Board of Directors at the Goodyear Tire & Rubber Company now has 12 members following the election of John E. McGlade. When not sitting on Goodyear’s board, McGlade is chairman, president and chief executive officer of Air Products & Chemicals Inc.
Brazil’s government has carried out a public consultation to determine regulations for tyres sold in the country in preparation for legislations towards greener tyres. Chemicals manufacturer Lanxess reports that the consultation was performed last month and the government is now analysing the suggestions it received; these will be published before the end of the year.
German specialty chemicals manufacturer Lanxess says its position as a premium supplier to the tyre industry has been strengthened by its subsidiary Rhein Chemie’s acquisition of US-based bladder manufacturer Tire Curing Bladders LLC (TCB) for an undisclosed sum. The deal, which closed with immediate effect, sees Rhein Chemie as the proud owner of a firm with the capacity to produce more than 400,000 bladders per annum. TCB primarily serves the North American market and achieved sales of more than US$21 million in 2011. The company employs around 100 people.
Lanxess may still a year away from moving into its new home, yet anybody passing by the future site of the company’s global headquarters in Cologne, Germany will be left with no doubt as to whose digs it is. The specialty chemicals company has renamed the former Lufthansa building, which is currently undergoing renovations ahead of the arrival of Lanxess’ employees in the second half of 2013, and from now on it will be known as the Lanxess Tower. The name was chosen from more than 600 staff suggestions.
A buyer for Sibur Holding’s tyre business may be announced before the end of this year, Bloomberg reports. New owners Leonid Mikhelson and Gennady Timchenko are apparently “close” to securing buyers for Sibur-Russian Tyres plus the company’s Sibur-Fertilizers business; their sale forms part of the owners’ new focus on specialty chemicals, Bloomberg states.
Lanxess AG has lifted its full-year guidance for 2011 on the back of strong second quarter results. The German specialty chemicals company now expects its EBITDA pre-exceptionals to grow about 20 per cent year-on-year after previously forecasting a growth of 10 to 15 per cent. During the second quarter the company’s EBITDA pre-exceptionals rose 26 per cent year-on-year to 339 million euros.
At its meeting on August 10, the Supervisory Board of German specialty chemicals supplier Lanxess renewed Dr. Axel C. Heitmann’s tenure as chairman of the Board of Management for a further five years. This extension will take effect on July 1, 2004. Heitmann has held the position since September 2004.
Evonik Industries reports successfully completing the divestment of its carbon black activities on July 29, 2011. The sale of the business to Rhône Capital and Triton Partners is valued at over 900 million euros, the company added.
Japan’s Asahi Kasei Chemicals has held a groundbreaking ceremony for its new synthetic rubber plant on Singapore’s Jurong Island. The June 22 event marks the start of work on a facility expected to produce 50,000 tons of solution-polymerised styrene-butadiene rubber (S-SBR) a year when the first stage work is complete in May 2013. Second stage work at the site, scheduled for completion in early 2015, should double annual output.
Lanxess has expressed its pride in receiving one of the inaugural Michelin Supplier Awards. The German specialty chemicals company was one of a number of key suppliers acknowledged by Michelin at an awards ceremony held in France on June 15, and upon receiving the company’s award Dr. Joachim Grub, head of Lanxess’ Performance Butadiene Rubbers business unit stated “we consider it a great honour to be one of the winners of the first Michelin Supplier Award.
US chemicals company Solutia Inc. reports having reshaped its rubber chemicals portfolio. Although specific details about this change have not been publicised, the company says the reshaping shows a reaffirmation of its “commitment to high-value, market-leading rubber chemicals,” including its Santoflex antigradants, which are used in the production of tyres, belts, hoses, cables and other products.
Following a two year recession-related delay, plans for German specialty chemicals group Lanxess to transfer its corporate headquarters from Leverkusen to the nearby city of Cologne are back on track. More than 1,000 Lanxess employees will make the 15 kilometre move to a newly renovated 22-storey building in the second half of 2013; the new headquarters’ opening will bring almost all the company’s management functions under one roof.
German specialty chemicals group Lanxess has founded a dedicated company for the Middle East, Lanxess Middle East GmbH. The company has its offices in Dubai and is being headed up by managing director Elie Saad, who has held a number of positions within the Lanxess group and was most recently the head of the global polymer additives business in within the company’s Functional Chemicals business unit.
The cost of rubber chemicals supplied by Lanxess AG will increase on April 1. The German company says its Rubber Chemicals business unit is raising prices in response to “steeply rising raw material costs” and the increase affects almost the entire product range of antioxidants (Vulkanox, Vulkazon), accelerators (Vulkacit) and specialty chemicals (including Renacit, Cohedur, Perkalink and Vulcuren). The new prices will around 15 to 25 per cent higher than current prices, depending on product and region.
Lanxess has announced the temporary closure of its office in Tokyo. For the time being, management from the Tokyo office will be based in Toyohasi, some 250 kilometres southwest of the Japanese capital. The specialty chemicals firm’s Rhein Chemie operates a production facility for rubber chemicals in Toyohashi.