LANXESS AG is the parent company of the LANXESS Group and functions largely as a management holding company. LANXESS Deutschland GmbH and LANXESS International Holding GmbH are wholly owned subsidiaries of LANXESS AG, and in turn control the other subsidiaries and affiliates both in Germany and elsewhere.
The following are the principal companies wholly owned by LANXESS AG directly or indirectly:
|Principal Direct or Indirect Subsidiaries of LANXESS AG|
|Company Name and Domicile||Function||Segments|
|LANXESS Deutschland GmbH, Cologne, Germany||Production and sales||All|
|LANXESS Butyl Pte. Ltd., Singapore||Production and sales||Performance Polymers|
|LANXESS Corporation, Pittsburgh, U.S.A.||Production and sales||All|
|LANXESS Elastomères S.A.S., Lillebonne, France||Production and sales||Performance Polymers|
|LANXESS Elastomers B.V., Sittard-Geleen, Netherlands||Production and sales||Performance Polymers|
|LANXESS Elastômeros do Brasil S.A., Rio de Janeiro, Brazil||Production and sales||Performance Polymers|
|LANXESS Holding Hispania, S.L., Barcelona, Spain||Holding company||All|
|LANXESS Inc., Sarnia, Canada||Production and sales||Performance Polymers|
|LANXESS India Private Ltd., Thane, India||Production and sales||All|
|LANXESS International Holding GmbH, Cologne, Germany||Holding company||All|
|LANXESS International SA, Granges-Paccot, Switzerland||Sales||All|
|LANXESS N.V., Antwerp, Belgium||Production and sales||Performance Polymers, Performance Chemicals|
|LANXESS Rubber N.V., Zwijndrecht, Belgium||Production and sales||Performance Polymers|
|Rhein Chemie Rheinau GmbH, Mannheim, Germany||Production and sales||Performance Chemicals|
|Saltigo GmbH, Leverkusen, Germany||Production and sales||Advanced Intermediates|
Additions to the Group portfolio
Through the acquisition of Singapore-based PCTS Specialty Chemicals Pte. Ltd., which was completed in April 2013, LANXESS has become one of the leading suppliers of biocides for coatings in the growing Asia-Pacific region. Now integrated into the Material Protection Products business unit of our Performance Chemicals segment, PCTS specializes in the production of biocides for environmentally friendly water-based paints that meet stringent health, safety and environmental standards. The acquisition has given us access to biocide applications. At the same time, we are benefiting from PCTS’s product expertise and know-how in coatings.
Also in the Performance Chemicals segment, we strengthened the phosphorus chemicals activities of our Functional Chemicals business unit by acquiring the operations of the French subsidiary of insolvent Dutch company Thermphos International B.V., Vlissingen, Netherlands. Completed in September 2013, this transaction included the production facilities of Thermphos in Epierre, France, and its customer list. Thermphos is one of the world’s leading manufacturers of phosphorus pentoxide and polyphosphoric acid. Both of these products complement our existing portfolio and can be used as intermediates in a range of applications including flame retardants and pharmaceuticals.
Management and control organization
LANXESS AG has a two-tier management structure consisting of the Board of Management, which manages the company, and the Supervisory Board, which oversees the Board of Management with the assistance of an Audit Committee formed from among its members to advise on financial matters. The Board of Management shapes Group strategy and manages resource allocation, infrastructure and organization. As the Group management company, LANXESS AG is responsible for financing and for communication with the company’s key stakeholders.
For additional information, please see the Corporate Governance Report.