Home / Knowledge / News / Textiles / LANXESS quadruples dividend
LANXESS quadruples dividend
02
Jun '08
The Board of Management and the Supervisory Board of specialty chemicals company LANXESS AG proposed to the stockholders at this year's Annual Stockholders' Meeting in Cologne that the dividend be significantly increased.

According to the proposal, LANXESS's dividend is to be quadrupled from 25 cents for 2006 to EUR 1.00 per share for 2007, putting it in line with those of other companies in the sector.

At the same time, this substantial increase reflects the company's successful strategy of profitable growth. The goal is to allow the stockholders, too, to share appropriately in the company's successful performance in 2007, following the performance-oriented bonus payments received by the employees.

The company plans to maintain this dividend policy in the future. “We want all our stockholders to benefit from the success of LANXESS in the coming years as well,” said Axel C. Heitmann, Chairman of the Board of Management of LANXESS AG, explaining the proposal.

Correct strategy enables raw material costs to be passed on “We have set the right course for the future success of LANXESS,” continued Heitmann.

“We will continue to consistently apply our successful price-before-volume strategy, which so far has enabled LANXESS to quickly pass on raw material price increases in full to its customers.”

The LANXESS Group's good start to 2008 also shows that the company is strategically aligned in the right direction. Sales were up by 8.1 percent year on year in the first three months on a portfolio- and currency-adjusted basis.


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ritu Kumar
Label Ritu Kumar

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search