Breaking News

Bayer AG Will Launch New Company

November 15, 2005

Bayer AG, Leverkusen, Germany, plans to place a large part of its chemicals business and some actives of Bayer MaterialScience into a new company named Lanxess, which will then be floated on the stock market, according to executives. The name Lanxess is intended to communicate the international significance of the future chemicals enterprise.
“We believe that the name is goal-oriented and forward-looking,” said Dr. Axel C. Heitmann, chief executive officer designate of Lanxess. “This name is a combination of the French word ‘lancer,’ meaning to set in motion, and the English word ‘success.’ It conveys our credo: we are aiming for success, as quickly as possible.”
Lanxess’ management board has already been designated, and includes Dr. Axel C. Heitmann, chief executive officer; Matthias Zachert; Dr. Ulrich Koemm; Bruce Olson and Dr. Martin Wienkenhöver. Bayer plans a virtual organization for activities by July 1, allowing Lanxess to operate largely as an independent unit and be placed on the stock market by early 2005.
blog comments powered by Disqus
  • Patent Update

    Patent Update

    June 30, 2016
    J&J's anti-aging patent, LVMH and cannabis essential oil, transdermal botulinum toxins and more in recent patent news.

  • Start Stuffing The Ballot Box (Again)!

    Start Stuffing The Ballot Box (Again)!

    June 28, 2016
    Vote on the finalists in Happi's reader's choice Anti-Aging Product of the Year contest!

  • What

    What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 27, 2016
    Euromonitor weighs in on how Brexit could impact consumer product companies.

  • The Top 50

    The Top 50

    June 30, 2016
    A look at the biggest US companies in the global household and personal products industry.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.