People & Business :: Companies
Repositioned for Expansion
12:07 PM MDT | June 23, 2008 | Natasha Alperowicz in Düsseldorf
Lanxess celebrated the third anniversary of its listing on the Frankfurt Stock Exchange earlier this year, which followed the company’s spin-off from Bayer in 2004. Lanxess was originally formed from Bayer’s least profitable chemical businesses and has undergone a rapid transformation since the spin-off in an effort to improve profitability. The transformation program had four main elements: measures to improve performance; rigorous restructuring; portfolio adjustments; and acquisitions. It included the divestment of several low-margin businesses with...
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