Specialty chemicals company LANXESS plans to strengthen its global asset base for flame retardant additives with investments of around EUR 200 million over the next three years.
The company runs a strongly backward integrated production network for bromine and phosphorous based flame retardants with plants in the U.S. (Charleston, El Dorado, Greensboro), Germany (Leverkusen, Krefeld-Uerdingen), France (Épierre) and the United Kingdom (Manchester).
“With the acquisition of the U.S. company Chemtura in spring 2017 we became one of the world’s leading suppliers of flame retardant additives. With the investment package we will further strenghten our strong position in this growing market,” says Karsten Job, head of the Polymer Additives Business at LANXESS.
LANXESS has significantly expanded its market position for flame retardant additives after integrating the former Chemtura businesses with brominated flame retardant additives, bromine and bromine derivatives. Due to their high effectiveness, these substances are used among others in the construction industry and were an ideal complement for the already existing LANXESS business with phosphorus-based flame retardant additives.
Focus on research and development
In addition to the production network for flame retardants, LANXESS is running two technical development centers for these products in Naugatuck/USA and Leverkusen/Germany. “Out of Leverkusen and Naugatuck, we are driving global innovations like reactive and polymeric flame retardants,” says Job. Reactive and polymeric flame retardants, like LANXESS’s Emerald Innovation 3000, enjoy a constant rise in demand as they offer a much better sustainability profile than standard flame retardants.
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 accept any liability whatsoever arising directly or indirectly from the use of this document.
LANXESS is a leading specialty chemicals company with sales of EUR 9.7 billion in 2017 and about 19,200 employees in 25 countries. The company is currently represented at 73 production sites worldwide. 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.
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