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

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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:
April 2017

April 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