Agency / Source: LANXESS

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

LANXESS Realigns Water Treatment Business - LANXESS continues to develop its portfolio and is reorganizing its water treatment technologies business: the company will focus on the ion exchange resins business and intends to grow here primarily in markets for high-end applications - LANXESS.com
LANXESS Realigns Water Treatment Business

 

PRZOOM - /newswire/ - Cologne, North Rhine-Westphalia, Germany, 2020/07/16 - LANXESS continues to develop its portfolio and is reorganizing its water treatment technologies business: the company will focus on the ion exchange resins business and intends to grow here primarily in markets for high-end applications - LANXESS.com. FRA: DE Frankfurt: LXS

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Environment/Recycle Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Sale of the reverse osmosis membrane business to SUEZ;
• Strengthening the ion exchange resins business: focus on high-end specialty applications;
• Construction of a new plant for ion exchange resins in the planning stage.

Specialty chemicals company LANXESS continues to develop its portfolio and is reorganizing its water treatment technologies business: the company will focus on the ion exchange resins business and intends to grow here primarily in markets for high-end applications.

As part of this realignment, LANXESS is selling its business with reverse osmosis membranes to French group SUEZ, a world leader in sustainable resource management. Both companies have signed an agreement to this effect yesterday, July 15, 2020. It was agreed not to disclose the purchase price. LANXESS expects the transaction to be completed by the end of 2020.

“The membrane business no longer fits in with our strategic focus on specialty chemicals,” said Matthias Zachert, Chairman of the Board of Management of LANXESS. “We are convinced that under the SUEZ umbrella, the business has the necessary conditions to develop its full growth potential in the future.”

The membranes, which play an important role in the treatment of brackish and seawater, are manufactured by LANXESS at its site in Bitterfeld, Germany. SUEZ will take over this plant and the research facilities with all employees. In 2019, the business generated sales in the low double-digit million euro range.
Ion exchange resins: Growth in future industries

LANXESS will further expand its ion exchange resins business. The company plans to build a new production facility, for which it intends to invest between 80 and 120 million euros in the coming years. “We invest in additional capacities for ion exchange resins in order to be able to meet the growing global demand. At the same time, we want to grow especially in promising market segments,” said Matthias Zachert.

The new ion exchange resin plant will have a production capacity of between 20,000 and 30,000 cubic meters and is scheduled for completion within the next five years. LANXESS will decide on the exact location shortly. The specialty chemicals company currently manufactures ion exchange resins at its sites in Leverkusen, Germany, Bitterfeld, Germany, and Jhagadia, India.

“With our applications for water filter cartridges, we are already one of the leading manufacturers. We are now additionally focusing on highly specialized applications that are characterized by high demand and strong growth. For example, in the field of biotechnology, in the semiconductor industry or in the selective removal of metals, such as for the battery industry. With our technological diversity, we are ideally positioned for this,” said Bettina Blottko, head of the Liquid Purification Technologies business unit at LANXESS.

Ion exchange resins make an important contribution in modern cleaning processes, for example in the food and pharmaceutical industries. In the semiconductor industry, they play a key role in the production of ultra-pure water, which is needed in microchip production, for example. Due to the trend towards e-mobility, there is also a high demand for ion exchange resins in the battery industry. They can be used to extract the metals lithium, nickel and cobalt, which are important for battery cell production. Ion exchange resins are also used in power generation, the chemical industry, microelectronics and drinking water treatment.

About LANXESS

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 57 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.

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.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Environment/Recycle Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: LANXESS

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Environment/Recycle articles,
CATCH Visitors via Your Competitors Announcements!


LANXESS Realigns Water Treatment Business

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Water Treatment Business | LANXESS
Contact: Ingo Drechsler - LANXESS.com 
+49 221 888 53790 ingo.drechsler[.]lanxess.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

Environment/Recycle via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From LANXESS / Company Profile


Read Environment/Recycle Most Recent Related Press Releases:

ANDRITZ to Supply Flue Gas Treatment Systems for the Integrated Waste Management Facility (IWMF) in Singapore
HolyGrail 2.0 Launched - Mondi Trials Digital Watermarking to Separate Waste for A Circular Economy
NEC Platforms Provides Highly Functional Bioplastic, 'NeCycle,' Helping to Solve Environmental Issues such as Marine Plastic Waste
The European Project Life-PIAQUO, Led by Naval Group, is Finalist of the Blue Challenge Award Organized by The Pôle Mer Bretagne Atlantique
SGTech Commended for its Game-changing and Sustainable Livestock Waste Management Solution - The Integrated Ecosystem Solution
Mondi Positions itself to Become One of the Leading Suppliers of Premium Recycled Paper with its NAUTILUS® Brand
Yokogawa Signs Investment and Partnership Agreement with JEPLAN, Developer of an Innovative Chemical Recycling Technology
Global Electric Vehicle Sales Increase with Implementation of Stringent Emission Norms Says Frost & Sullivan
Combat Water Shortages with Membrane Elements from LANXESS
envelio Commended by Frost & Sullivan for Addressing a Range of Technical Processes in the Distribution Grid with its Intelligent Grid Platform

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  Huntington Study Group Ltd

Visit  Limelon Advertising, Co.

Visit  BizJobs.com







 
  ©2020 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today