+
LANXESS Completes Sale of Urethane Business to UBE Corporation
ECONOMY & POLICY

LANXESS Completes Sale of Urethane Business to UBE Corporation

LANXESS, a global speciality chemicals company, has completed the sale of its Urethane Systems business to Japan-based UBE Corporation. The deal, finalised on April 1, 2025, follows regulatory approval from all relevant antitrust authorities. UBE is a prominent chemical manufacturer listed on the Tokyo Stock Exchange.

The transaction was first announced in October 2024. Following its completion, LANXESS received gross cash proceeds of around €500 million, while the enterprise value of the deal stands at €460 million.

LANXESS plans to use the proceeds to redeem its €500 million benchmark bond due for maturity in May 2025. This will contribute to lowering its leverage ratio (net financial debt to EBITDA pre) to approximately 3x, in line with the company’s broader financial strategy.

The sale marks the final step in LANXESS’s portfolio transformation, allowing the company to streamline operations and further reduce its debt.

LANXESS, a global speciality chemicals company, has completed the sale of its Urethane Systems business to Japan-based UBE Corporation. The deal, finalised on April 1, 2025, follows regulatory approval from all relevant antitrust authorities. UBE is a prominent chemical manufacturer listed on the Tokyo Stock Exchange. The transaction was first announced in October 2024. Following its completion, LANXESS received gross cash proceeds of around €500 million, while the enterprise value of the deal stands at €460 million. LANXESS plans to use the proceeds to redeem its €500 million benchmark bond due for maturity in May 2025. This will contribute to lowering its leverage ratio (net financial debt to EBITDA pre) to approximately 3x, in line with the company’s broader financial strategy. The sale marks the final step in LANXESS’s portfolio transformation, allowing the company to streamline operations and further reduce its debt.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?