LANXESS Completes Sale of Urethane Business to UBE Corporation

08 Apr 2025 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..