Home / Knowledge / News / Textiles / LANXESS workforce to benefit from good results of 2007
LANXESS workforce to benefit from good results of 2007
Mar '08
Employees of specialty chemicals group LANXESS AG will benefit from its strong business performance in 2007. The company is providing EUR 46 million in bonus payments, of which some EUR 28 million will be paid out in Germany. LANXESS employs approximately 7,000 people at its German sites.

“We are proud of the further substantial improvement in our results that we achieved for the third year in a row,“ said Rainier van Roessel, Labor Director and member of the Board of Management of LANXESS AG.

“This success is founded on the dedication and commitment of our employees. We are pleased that they will participate in the success of our enterprise through these payments where bonus arrangements have been agreed.“

The bonus is calculated on the basis of LANXESS's EBITDA pre exceptionals, which is also the Group's principal controlling parameter.

EBITDA pre exceptionals rose in 2007 by 6.5 percent to EUR 719 million. The bonuses will be paid out together with salaries at the end of April.

LANXESS is a leader in specialty chemicals with 2007 sales of EUR 6.61 billion and around 14,600 employees in 21 countries. The company is represented at 41 production sites worldwide.

The core business of LANXESS is the development, manufacture and sale of speciality chemicals, plastics, rubber and intermediates.


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search