Lanxess

From Wikipedia, the free encyclopedia

Lanxess AG is a leading chemicals group with production sites and agencies all over the world: a global player in the fields of chemicals, plastics and rubber.

LANXESS operations have a long history, rich with a tradition of research and discovery. Its roots go back to 1863, the year Bayer was founded. In 2004, Bayer AG combined most of its chemical activities and approximately one-third of its polymer activities into a new company: LANXESS Deutschland GmbH.

At Bayer's Extraordinary Stockholders' Meeting in November 2004 Bayer stockholders approved the separation of LANXESS from the Bayer Group as a spin-off, clearing the way for it to becoming listed as an independent company on the stock market. Bayer stockholders received one LANXESS share for every ten Bayer shares they owned. LANXESS has been listed as LXS.ETR on the Frankfurt Stock Exchange since January 31, 2005. The name is a portmanteau of lancieren, german verb for "launch", and success, signifying confidence in the venturing enterprise.

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