Tag: Matthias Zachert

LANXESS expects earnings improvement for fiscal year 2024

March 31, 2024 The Medium News No Comments

Net income increases to EUR 443 million due to portfolio measures Initial cost savings generated with “FORWARD!” action plan Mumbai (Maharashtra) [India]: Specialty chemicals company LANXESS had sales in fiscal year 2023 amounted to EUR 6.714 billion, down 17.0 percent from the previous year’s figure of EUR 8.088 billion. EBITDA pre exceptionals decreased by 44.9 percent to EUR 512 million compared with EUR 930 million…

Business

LANXESS lowers costs and increases efficiency

September 18, 2023 The Medium News No Comments

Mumbai (Maharashtra) [India]: With its “FORWARD!” action plan, special chemical company LANXESS counteracts the phase of weak economic development. This will initially save LANXESS around EUR 100 million in 2023 through one-time cost reductions and lower investments. In addition, the Group is positioning itself more efficiently and will permanently reduce its annual costs by around…

Business

Frederique van Baarle appointed new member of the LANXESS Board of Management

December 8, 2022 The Medium News No Comments

Mumbai, (Maharashtra) [India]: Frederique van Baarle is moving up to the Management Board of Cologne-based specialty chemicals company LANXESS. The Supervisory Board has appointed the 51-year-old as Labor Director. She takes over this function from Management Board member Anno Borkowsky. Van Baarle currently heads the High-Performance Materials business unit at LANXESS, which is to be…

Business