Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. LANXESS AG
  6. News
  7. Summary
    LXS   DE0005470405

LANXESS AG

(LXS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

LANXESS to expand high-tech plastics production in China; Investment of EUR 30 million on strong market demand; Capacity expansion by 30,000 metric tons; Further strengthening footprint in Greater China

11/26/2021 | 09:02am EST

Cologne/Changzhou - LANXESS will expand its production network in China: The specialty chemicals company will build a second compounding line for Durethan- and Pocan-branded high-tech engineering plastics at its manufacturing site in Changzhou. An important investment of around EUR 30 million will increase the capacity in Changzhou by 30,000 metric tons per year. Together with existing facilities in Changzhou and Wuxi, this will bring the company's total compounding capacity in China to 110,000 metric tons per year. The new line is planned to go on stream in the first quarter of 2023.

'This expansion caters to the strong demand we experience from the growing Chinese automotive industry. As e-mobility is booming, it is driving new requirements for lightweight applications and continuously increases the share of electronic components used in cars', says Hubert Fink, Member of the Board of the Management of LANXESS. 'The new production line marks another vital step in enlarging our footprint in Greater China.'

Solutions for e-mobility

LANXESS sees e-mobility as a major field of application for its polyamide (PA) 6 and PA 66 compounds Durethan, polybutylene terephthalate (PBT) compounds Pocan and the endless fiber-reinforced composites Tepex. The company already offers a wide range of products that meet the most challenging standards and norms of the electrical and electronics industry worldwide in terms of flame retardance, electrical properties and ecological behavior.

Durethan and Pocan high-performance plastics also allow the construction of components that can replace metal parts in motor vehicles and in this way contribute to reducing weight, energy consumption and related emissions. The innovative materials are used, for example, in engine applications, door structures, body reinforcement, pedals, front ends and cross car beams. Depending on the part, the lightweight design contributes to a weight-saving of up to 50 percent.

Forward-Looking Statements

This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.

Information for editors:

All LANXESS news releases and their accompanying photos can be found at press.lanxess.com. Recent photos of the Board of Management and other LANXESS image material are available at photos.lanxess.com.

You can find further information concerning LANXESS chemistry in our digital magazine 'Inside LANXESS' at http://inside.lanxess.com.

LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,900 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about LANXESS AG
10:57aLANXESS AKTIENGESELLSCHAFT : Release according to Article 40, Section 1 of the WpHG [the G..
EQ
01/07LANXESS AG : Warburg Research reaffirms its Buy rating
MD
01/07LANXESS AG : Upgraded to Buy by Barclays
MD
01/06LANXESS AG : Jefferies remains its Buy rating
MD
2021LANXESS wants to increase number of women in management; Proportion of women in managem..
AQ
2021LANXESS : wants to increase number of women in management
PU
2021LANXESS AG : Goldman Sachs maintains a Buy rating
MD
2021LANXESS AG : Receives a Buy rating from Jefferies
MD
2021LANXESS : once again recognized by CDP as a global leader in climate protection
PU
2021LANXESS AG : JP Morgan sticks Neutral
MD
More news
Analyst Recommendations on LANXESS AG
More recommendations
Financials
Sales 2021 7 183 M 8 192 M 8 192 M
Net income 2021 244 M 278 M 278 M
Net Debt 2021 2 256 M 2 573 M 2 573 M
P/E ratio 2021 20,3x
Yield 2021 1,85%
Capitalization 5 063 M 5 776 M 5 775 M
EV / Sales 2021 1,02x
EV / Sales 2022 0,99x
Nbr of Employees 14 866
Free-Float 92,5%
Chart LANXESS AG
Duration : Period :
LANXESS AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LANXESS AG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 58,70 €
Average target price 71,15 €
Spread / Average Target 21,2%
EPS Revisions
Managers and Directors
Matthias Zachert Chairman-Management Board
Michael Pontzen Chief Financial Officer
Matthias L. Wolfgruber Chairman-Supervisory Board
Werner Czaplik Member-Supervisory Board
Theo H. Walthie Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
LANXESS AG6.75%5 732
BASF SE10.25%71 454
SHIN-ETSU CHEMICAL CO., LTD-2.61%70 780
DUPONT DE NEMOURS, INC.5.19%44 023
ROYAL DSM N.V.-10.96%34 341
PIDILITE INDUSTRIES LIMITED10.22%18 524