German specialty chemicals company Lanxess has reported its financial performance for Q1 CY2025, with EBITDA pre exceptionals climbing by 31.7 percent to EUR 133 million (from EUR 101 million in Q1 2024), which the company shared defied a weak global economic environment.

The positive performance was attributed to improved capacity utilisation and significant cost savings achieved through its ‘FORWARD!’ action plan.

While sales remained stable at EUR 1.601 billion, nearly matching the prior-year figure of EUR 1.607 billion, Lanxess noted increased sales volumes in most businesses, offset by lower sales prices.

Matthias Zachert, Chairman of the Board of Management, Lanxess, said, “We have made a solid start to the new fiscal year – despite all the adversities in the economic and geopolitical environment. Our more efficient positioning and improved cost situation are now paying off.”

He also acknowledged the escalating geopolitical and economic uncertainties, including the new U.S. government trade policy, which he believes further challenges businesses.

Net income for the first quarter of 2025 showed improvement, recording a loss of EUR 57 million compared to a loss of EUR 98 million in the same period last year.

Lanxess has reaffirmed its guidance for the full 2025 fiscal year, anticipating EBITDA pre exceptionals to be between EUR 600 and EUR 650 million. For the second quarter of 2025, the company expects an increase in earnings compared to Q1 2025, though a decline is projected when compared to Q2 2024, primarily due to the divestment of its Urethane Systems business.

The German company has also completed the sale of its Urethane Systems business to Japan’s UBE Corporation on 1 April 2025. This transaction marks the final step in the company’s strategic portfolio transformation, shifting its focus entirely to specialty chemicals and divesting its last remaining polymer business. Proceeds from the sale will be utilised to redeem a EUR 500 million benchmark bond due in May 2025 and further reduce company debt.

Comments (0)

ADD COMMENT

Link Copied!

Flexsys, a global speciality chemicals and materials technology company, has announced an increase in regional prices for Insoluble Sulphur products with effect from 23 March 2026.

The price increase schedule is as follows:

• Asia: USD 0.60 per kg
• Europe: EUR 0.45 per kg
• North America: USD 0.40 per kg
• Latin America: USD 0.40 per kg

The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing conflict in the Middle East, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

Comments (0)

ADD COMMENT

Link Copied!

Yokohama Rubber has announced that it will supply ADVAN racing tyres for a newly developed BMW M Motorsport entry set to compete in this year’s Nürburgring 24-Hour Race and the Nürburgring Langstrecken-Serie (NLS). As an official partner of BMW M Motorsport, the company is supporting the BMW M3 Touring 24H, a vehicle designed specifically for the Nürburgring circuit and built with fans in mind.

This special model shares its technical foundation with the BMW M4 GT3 EVO but is constructed using the body shell of the BMW M3 Touring. It measures 200 millimetres longer and stands 32 millimetres taller than its GT3 counterpart, including the rear wing. Despite these dimensional differences, the mechanical specifications of both vehicles remain identical. The car will compete in the SPX class, a category dedicated to high-performance experimental vehicles and concept cars with unique modifications that do not conform to other classifications. This class plays a key role in testing and refining new automotive technologies.

Yokohama’s renewed involvement with BMW M Motorsport at the Nürburgring marks a significant return, as the two last collaborated at this event between 1980 and 1990, a period during which they secured two overall victories. This season represents their first partnership at the track in nearly four decades. In addition to supplying tyres for the BMW M3 Touring 24H, Yokohama will also equip the BMW M4 GT3 EVO, which is entered in the SP9 class for GT3-spec production vehicles.

Beyond its work with BMW, Yokohama Rubber will provide tyres to several leading teams participating in both the Nürburgring endurance series and the iconic 24-hour race, further extending its presence in one of the world’s most demanding motorsport events.

Comments (0)

ADD COMMENT

Link Copied!

Hankook Tire is all prepped up to spotlight its technological leadership on an international platform as a key sponsor during the TGL 2026 playoffs. The doubleheader Semifinals are set for 17 March 2026 at Florida’s SoFi Center. As the league’s first Official Tyre Partner and a Founding Partner, Hankook has elevated its brand visibility across 150 global markets. Through its association with high-tech sports entertainment and TGL’s six teams – featuring PGA Tour stars like Tiger Woods and Rory McIlroy – the company has created an immersive brand experience that merges innovation with elite competition.

The semifinal round brings together the top four regular-season finishers. The opening match pits the second-seeded Los Angeles Golf Club against the third-seeded Atlanta Drive GC. These two teams have built a competitive history, each claiming one victory against the other over the last two seasons. Atlanta has excelled in Singles sessions, driven by strong outings from Billy Horschel and Chris Gotterup. Meanwhile, Los Angeles has gained an edge in Triples play thanks to the consistency of Collin Morikawa and Justin Rose. How each side adapts to the alternating formats will likely shape the outcome.

The second semifinal features a compelling clash between the top-seeded Boston Common Golf and the fourth-seeded Jupiter Links GC. Boston, powered by standout performances from Keegan Bradley and Rory McIlroy, secured the most regular-season wins and earned the top seed after missing the playoffs last year. Jupiter Links, making its first semifinal appearance, has leveraged ‘The Hammer’ scoring system effectively in Season 2. Max Homa and Kevin Kisner lead the league in Singles Holes Won, highlighting the team’s balanced strength. With TGL co-founders Woods and McIlroy at the helm of opposing teams, this matchup has captured the attention of the golf world.

The winners will move on to the Finals on 23 and 24 March 2026. The championship round will follow a best-of-three structure, with the victor claiming the SoFi Cup and the 2026 title.

Comments (0)

ADD COMMENT

Link Copied!

Kimi Antonelli secured his maiden Formula 1 victory at the Chinese Grand Prix, becoming the first Italian driver to win a race since Giancarlo Fisichella in 2006. The Mercedes driver, who had already made history as the youngest-ever pole sitter, successfully converted his qualifying success into a race win. A key element of his triumph was the management of the Pirelli tyre compounds as he and the team opted for a one-stop strategy that proved highly effective.

The race began with an intense battle between the Ferraris and Mercedes, reminiscent of the season opener. However, Antonelli maintained his composure and used the restart following an early Safety Car to build a decisive advantage. While his rivals, including teammate George Russell and both Ferrari drivers, fought amongst themselves and lost precious time, Antonelli steadily extended his lead. Even after Russell managed to clear the Ferraris, Antonelli controlled the gap to secure victory, despite a minor error in the closing laps.

The Mercedes drivers executed their one-stop strategy flawlessly, starting on the medium Pirelli compound before switching to the hards under the Safety Car on lap 10. This approach was also adopted by the Ferrari duo and Oliver Bearman, who finished an impressive fifth. In contrast, Isack Hadjar employed a different tyre strategy. After a spin on the opening lap, he pitted for hards, then took advantage of the Safety Car to take another set of hards, which carried him to eighth place and valuable points for his team.

Lewis Hamilton completed the podium in third, finishing just ahead of his Ferrari teammate Charles Leclerc. The championship now heads to Japan for the next round at the renowned Suzuka circuit in two weeks. In support race action, Emma Felbermayr claimed victory in the second F1 Academy race in China, moving to the top of the standings ahead of Alisha Palmowski, who finished second ahead of Payton Westcott.

Dario Marrafuschi, Pirelli Motorsport Director, said, “Firstly, I would like to congratulate Kimi Antonelli on his first Formula 1 victory. It has been exactly 20 years since an Italian driver last triumphed in a Formula 1 Grand Prix, and this historic moment occurred today in a race filled with overtakes and plot twists. As expected, the one-stop strategy proved to be the most effective in Shanghai, and the teams did not change their approach even when a Safety Car neutralised the race on lap nine. Instead, the pit window for those who had started on Medium was brought forward.

“The final stint on Hards for 10 drivers exceeded 45 laps, with tyres that were clearly in the final stages of their wear yet still capable of maintaining decent consistency. In fact, the winner himself set the fastest lap of the race on lap 52. Those who had chosen the white-banded compound at the start, on the other hand, had the opportunity to stay out during the neutralisation, gaining a few positions. However, it didn’t take long for rivals with fresh tyres to reclaim the top spots.”

Alpine, Haas and Racing Bulls, for example, are teams that exploited these two strategies to create different opportunities for their drivers. Soft were also used at the start, with the Red Bull drivers taking advantage of the extra grip to attempt an early getaway as the lights went out. We can conclude that all three tyre compounds proved to be valid options for devising effective race strategies.”

Comments (0)

ADD COMMENT

Link Copied!