Lanxess squeezes Chemtura costs | September 11, 2017 Issue - Vol. 95 Issue 36 | Chemical & Engineering News
Volume 95 Issue 36 | p. 12 | Concentrates
Issue Date: September 11, 2017

Lanxess squeezes Chemtura costs

Department: Business
Keywords: Business, Lanxess, Chemtura, saving, synergy

Lanxess expects to save $120 million per year by 2020 from its recent acquisition of Chemtura. The firm had previously anticipated savings of about $100 million. Lanxess expects to reap half the savings from synergies in production and procurement, including the optimization of Chemtura processes and technologies. About 30% of savings are expected to come from cuts in administrative costs, primarily in North America. The final 20% will come from streamlining the combined sales and marketing organization. Lanxess has not revealed the impact on jobs.

Chemical & Engineering News
ISSN 0009-2347
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