Press release
LANXESS Increases Research and Development Commitment
- Number of R&D employees up 11 percent compared to 2007
- New central “Innovation” group function
Singapore, 25 June 2009 – Specialty chemicals group LANXESS AG is gearing up its research and development activities, increasing its 2009 investment budget to around EUR 110 million, up 10 percent from 2008, and expanding the number of staff in this area. At the beginning of this year, LANXESS also created an independent “Innovation” group function for centralized coordination of its research and development activities. The top priority for innovations at LANXESS is their cost-effectiveness.
“Our aim is to translate all innovations and product enhancements into marketable products as quickly as possible,” explains, LANXESS AG Board of Management member, Werner Breuers. “We are planning to have 80 percent of our current R&D projects ready for the market within two years.”
Over 450 employees are currently working on new ideas at the company’s research centers around the globe. This figure is 11 percent higher than in 2007 and is set to rise still further. In 2008, LANXESS completed 110 research and development projects, and there are around 100 projects in the pipeline at present. The number of new patents granted quadrupled between 2006 and 2008, and the Group currently holds around 6,300 patents in total.
In China, LANXESS has established research, development and technical centers for rubber and semi-crystalline products, leather chemicals and material protection products in the cities of Wuxi, Shanghai, Beijing and Qingdao. LANXESS also maintains a Rubber Chemicals Technical Center in Thane, Maharashtra state, India, and a microbiology laboratory for material protection in Singapore.
LANXESS is a leading specialty chemicals company with sales of EUR 6.58 billion in 2008 and currently around 14,600 employees in 23 countries. The company is represented at 44 production sites worldwide. The core business of LANXESS is the development, manu¬facturing and marketing of plastics, rubber, intermediates and specialty chemicals. More information at http://www.lanxessgoesasia.com.
Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
Information for editors:
100 years of synthetic rubber – interesting information about the anniversary and the numerous areas of application can be found at www.worldrubberday.com.
You can find further information concerning LANXESS chemistry in our WebMagazine at http://webmagazine.lanxess.com.
All LANXESS news releases and accompanying photo, video and audio material can be found at http://press.lanxess.com.
LANXESS is a leading specialty chemicals company with sales of EUR 6.58 billion in 2008 and currently around 14,600 employees in 23 countries. The company is represented at 44 production sites worldwide. The core business of LANXESS is the development, manu¬facturing and marketing of plastics, rubber, intermediates and specialty chemicals. More information at http://www.lanxessgoesasia.com.
Maggie Tan
Corporate Communications
LANXESS Pte Ltd
9 Benoi Sector, Singapore 629844
Tel (65) 6725 5888
Direct (65) 6725 5821
Fax (65) 6264 5329
Email maggie.tan@lanxess.com
Web: http://www.lanxess.com/ , http://www.lanxessgoesasia.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release LANXESS Increases Research and Development Commitment here
News-ID: 85574 • Views: …
More Releases from LANXESS Pte Ltd
First ASEAN showcase of LANXESS Lewabrane® product line at SIWW 2012
- LANXESS to showcase Lewabrane® Reverse Osmosis (RO) membrane alongside Lewatit® ion exchange resins
- LANXESS Lewabrane® Reverse Osmosis (RO) membrane elements and Lewatit® provides a one-stop water treatment for desalination and the production of high-quality water
- Meet LANXESS at Singapore International Water Week from 2 – 4 July at booth no. J 22
Singapore – Specialty chemicals company LANXESS, will be introducing its newest line of products at the upcoming Singapore…
LANXESS ‘Floating warehouse’ cuts waiting time in half for high-performance …
LANXESS’ Performance Butadiene Rubbers (PBR) Business Unit has established a new Asia Distribution Concept (ADC) known as the ‘floating warehouse’.
Moving away from traditional warehouse storage space on the mainland the ‘floating warehouse’ based in Singapore waters was launched in February 2011 and has already cut the waiting time for Asian customers by half.
Products from Europe, North and South America are shipped directly to the end market or via the…
LANXESS and Chinese tire company Triangle strengthen partnership
German specialty chemicals company LANXESS and one of China’s largest tire companies Triangle Group have further strengthened their long-term partnership. Both companies have signed an agreement under which LANXESS will supply Triangle with premium halobutyl rubbers from 2012-2014. Financial details were not disclosed. LANXESS has been supplying Triangle with regular and halobutyl rubbers for more than 10 years.
An agreement was signed at the headquarters of Triangle in Weihai, Shangdong…
LANXESS celebrates the “International Year of Chemistry”
Plans talks and outreach activities for students and the general public to “bring chemistry to life”
Singapore – As a global player in the specialty chemicals business, LANXESS is fully committed to promoting greater understanding of the contributions of chemistry science in shaping our lives and future, in conjunction with the world’s celebration of the International Year of Chemistry (IYC) 2011.
The IYC is an initiative of the International Union of…
More Releases for R&D
Siveco doubles China R&D investment
On July 3, 2019, Siveco China held its half-year management meeting at the prestigious Hellas House in Shanghai, a nod to the company's continuing growth on the Belt & Road. With financial results above target, high customer satisfaction (as shown in the latest audited customer satisfaction survey) and a sales pipeline more promising than ever, the company's management board announced that shareholders have approved its request for additional investment in…
R&D Collaborative Projects by GD Rectifiers
GD Rectifiers have extensive experience in collaborative R&D projects and are proud to work with some of the UK’s pioneering power electronic companies to drive design and innovation forward.
This R&D service helps drive GD Rectifiers forward as a cutting edge manufacturer embracing fundamental technologies that support product development that contribute to next generation products throughout: renewable energy, embedded systems, smart metrering and the rail industry.
Power Assemblies, Controllers and…
Transforming Pharmaceutical R&D with Data
ReportsWorldwide has announced the addition of a new report title Transforming Pharmaceutical R&D with Data to its growing collection of premium market research reports.
Transforming Pharmaceutical R&D with Data
In the current drug pricing environment, biopharmaceutical firms cannot afford to continue spending billions of dollars on development programs that are more than 90% likely to fail. Raising prices to compensate for expensive, risky research and development (R&D) is no longer an option…
Noliac is expanding the R&D team
Noliac is looking for two new colleagues for the R&D team in Prague, Czech Republic: A Precision/Fine Mechanics and an Electroengineer.
Precision/Fine Mechanics
For the R&D team in Prague, Czech Republic, Noliac is looking for a Precision/Fine mechanics to work on modifying existing products and work with developing new. Noliac requires a colleague who:
Is mechanically skilled with a focus on very small machinery.
Holds a technical high school degree or an apprenticeship…
Leiber GmbH further invests in R&D
Since February 2016, Leiber GmbH has been reinforced by Dr med vet Claudia Westfahl - a veterinarian specialized in animal nutrition - as part of the company's strategy to invest in new product developments. With the new position ‘Product Development Animal Nutrition’, Dr Westfahl is responsible for new product development in the field of functional feed ingredients for both pet as well as farm animals. After graduating at the University…
Rising R&D Funding for Nanotechnology
Global nanotechnology market has been registering marked increase in funds allocation by the countries across the world, especially with new product development that received huge momentum due to these funding. An increase in global public funding for R&D initiatives supports quick commercialization of nano-based products. Fundings from governments, corporations, and venture capital exhibited a CAGR growth of 1% during 2008-2012. In future, it is expected that nanotechnology funding will grow…
