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01-08-2019

Lanxess Completes Sale of Arlanxeo to Saudi Aramco

Cologne-Based Company Received Proceeds of around EUR 1.4 Billion

Specialty chemicals company Lanxess completed on December 31, 2018, the sale of its remaining 50 % interest in the rubber company Arlanxeo to Saudi Aramco. All relevant antitrust authorities have granted the necessary approvals for the transaction announced in August 2018.

Upon completion of the transaction, the remaining stake of the specialty chemicals company in Arlanxeo was transferred to the former joint venture partner Saudi Aramco. In return, Lanxess received proceeds of approximately EUR 1.4 billion. With the transaction proceeds, Lanxess strengthens its financial base and significantly reduces its net financial liabilities.

Arlanxeo was founded on April 1, 2016, as a joint venture of Lanxess and Saudi Aramco. The company headquartered in Maastricht, Netherlands, generated sales of around 3.2 billion Euro in 2017 and employs about 3,800 people at 20 production sites in nine countries. The company produces high-performance rubber for use in, for example, the automotive and tire industries, the construction industry, and the oil and gas industries.

The transfer of the business with synthetic rubber into the joint venture Arlanxeo was the foundation for Lanxess‘ strategic realignment. Since then Lanxess has been focusing on growth in specialty chemicals markets and made various acquisitions in this area.

Additional information
  • Structural Components that Last Longer
    Kunststoffe international 2018/12, PAGE 38 - 39

    Structural Components that Last Longer

    New Polyamide 6 Range for Cyclically Stressed Components as an Alternative to PA66

    At this year’s Fakuma, Lanxess introduced a special modification of PA6 to cope with constant, pulsating stresses such as are encountered...   more

  • 09-21-2018

    Lanxess Continues to Invest in Germany

    New Production Plant for High-Performance Plastics

    The new plant in Krefeld-Uerdingen will be designed so that Lanxess can expand its operations in the coming years, in line with demand.   more

Company profile

Lanxess AG

Kennedyplatz 1
DE 50569 Köln
Tel.: 0221 8885-0

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