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2007-07-13 News Release

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Strike affects leather chemicals unit

A regional strike in Argentina has interrupted leather chemicals production at the LANXESS site in Zarate.

The strike affects a total of 14 companies and was initiated on July 7 by the regional chemicals and petrochemicals trade union in the cities of Zárate and Campana. As a precautionary measure, LANXESS has now declared a state of force majeure to its customers in the leather industry, mostly in Latin America. This state will continue until the end of the strike. Customers are being supplied from existing stocks in Zarate and with products from Merebank (South Africa).

In addition, external production capacities are being utilized. "So far the strike has had no effect on our customers," said Bernhard Wehling, head of the Leather business unit, the LANXESS unit affected by the strike. However, should the action persist, supply shortages cannot be excluded in spite of the measures taken by LANXESS.

There is no change to the company’s earnings forecast for the current fiscal year.

On Wednesday, July 11, the Argentinean State Department for Labor ordered the strike to be abandoned and demanded compliance with the duty to maintain industrial peace during the phase of collective conciliation. However, to date the trade union has not responded to this demand.

The LANXESS site at Zarate manufactures mainly chromium sulfate for the tanning of leather.

LANXESS is one of the leading European chemicals suppliers, with 2006 sales of EUR 6.94 billion and more than 16,000 employees in 18 countries. The company is represented at around 50 sites worldwide. The core business of LANXESS is the development, manufacture and sale of chemicals, rubber and plastics.

Read a recent press release about - Rhein Chemie, a wholly owned subsidiary of chemicals group LANXESS, invests in production facilities and reduction in personnel costs at Mannheim site.

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