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.
  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Organic Matter

    Organic Matter

    Christine Esposito, Associate Editor||November 14, 2016
    FTC and USDA hold a public roundtable to discuss consumers’ perception of organic claims.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna , Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.