Sector News

Altana CEO to join Lanxess supervisory board

February 19, 2015
Chemical Value Chain
(Reuters) – Altana CEO Matthias Wolfgruber and Deutsche Post DHL finance chief Lawrence Rosen will be appointed new members of the Lanxess supervisory board in May, German business monthly Manager Magazin reported on Wednesday.
 
Current Lanxess supervisory board members Robert Koehler, the former head of SGL Carbon, and Rainer Laufs, an independent consultant, will not stand for re-election at the chemical company’s general meeting on May 15, the magazine said, without specifying its sources.
 
Manager Magazin also said that Lanxess CEO Matthias Zachert will present a new strategy for the company’s rubber unit by May at the latest.
 
Lanxess is in talks with Russia’s NKNK and state-owned Saudi Arabian Oil Company (Saudi Aramco) to sell a stake in its tyre rubber business, people familiar with the matter told Reuters earlier in February, as it battles overcapacity and weak prices.
 
Lanxess and specialty chemicals Altana declined to comment on the article. Deutsche Post was not immediately available for comment. (Reporting by Matthias Inverardi, Kirsti Knolle; Editing by Keith Weir)

Related News

February 28, 2021

Borealis to invest in new RTO to reduce CO2 emissions at Porvoo polyolefins plant

Chemical Value Chain

This equipment will significantly lower the site’s CO2 emissions, reduce flaring and save around 60 gigawatt hours (GWh) energy each year. Project kick-off is in February 2021, with completion planned for 2023.

February 28, 2021

Grace to acquire Albemarle’s fine chemistry business for $570 million

Chemical Value Chain

The acquisition significantly strengthens and expands Grace’s existing pharma portfolio. Pharma & Consumer is the largest, fastest growing and most profitable subsegment within Grace’s Materials Technologies business.

February 28, 2021

Solvay to carve out soda ash business

Chemical Value Chain

Solvay says it has decided to organize its soda ash and derivatives business into a separate and fully controlled legal structure.

Send this to a friend