Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • ITEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
March 22, 2012 02:00 AM

Lanxess posts record sales, profits

  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    LEVERKUSEN, Germany (March 22, 2012)—Lanxess A.G. posted record sales and earnings, boosted by double-digit sales gains in all regions in 2011.

    Net income jumped 33.5 percent on the year to about $667.6 million, with sales up 23.2 percent to $11.6 billion. Earnings before interest, taxes, depreciation and amortizations rose by 25 percent to $1.51 billion, for a margin of 13.1 percent.

    In North America, Lanxess saw sales climb by 24 percent to about $2 billion, with 40 percent of the increase coming from its Performance Polymers segment. In other regions, the materials firm sale sales increase 26 percent in Latin America; 23 percent in Asia-Pacific; 25 percent in Europe (excluding Germany), Middle East and Africa; 19 percent in Germany; and 28 percent in the five BRICS nations (Brazil, Russia, India, China and South Africa.

    Performance polymers posted the highest sales of any business segment, with revenues up 37 percent to $6.73 billion. Lanxess said the butyl rubber and performance butadiene rubber units benefited from strong market demand for original equipment and replacement tires. The technical rubber products had increase sales because of rising demand from auto makers, with the unit growing by the largest percentage following the acquisition of DSM N.V.'s Keltan EPDM business.

    The Performance Chemicals segment saw sales rise 7.7 percent $2.77 billion. The rubber chemicals and Rhein Chemie business units had considerably higher volumes because of sales to automotive-related businesses. Rhein Chemie's global sales grew 17 percent to $438 million.

    Also on the year, Lanxess said it achieved sales of about $2 billion from products and technologies for “green mobility,” and plans to boost that total by 80 percent in 2012.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Wacker may add silicon metal capacity in Norway
    2
    Wacker aims to increase global silicone capacity
    3
    Freudenberg Sealing chief technology officer set to retire
    4
    Stellantis to replace North American purchasing chief amid supplier relation woes
    5
    COVID lockdowns, lower crude prices cause NR markets to slip
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • ITEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION