2010-03-08

Philipp Junge appointed new global head of Rhein Chemie's Lubricant Oil Additives Division

Recently, Philipp Junge was appointed head of the Lubricant Oil Additives Division of Rhein Chemie Rheinau GmbH, Mannheim, Germany. He succeeds Dr. Joachim Korff, who will shortly retire. In this position, Mr. Junge is responsible for the division's global activities. Previously he was head of strategic development for Rubber and Rubber Additives at LANXESS, the parent company based in Leverkusen, Germany.

Philipp Junge joined LANXESS in 2008 after working for four years as a project manager for a leading management consulting firm, where he mainly advised clients in the oil, petrochemical, specialty chemical and private equity industries.  Mr. Junge holds a Bachelor of Science degree in Economics and a Master of Science degree in International Relations.

One key task will be to "further promote international growth by taking advantage of attractive market opportunities," says Mr. Junge in reference to his division's future strategy. "Apart from our globally available product range, we will, for example, support the trend towards global localization among our customers with solutions tailored precisely to their local needs. For our customers, this frequently is the key to maintaining a competitive edge, and it's one of Rhein Chemie's strengths, which we aim to expand. Of course, all of these goals and activities are based on our global principle of innovation and quality."

Under the brand name Additin®, Rhein Chemie markets a very broad range of specialty, high-performance additives and formulations: extreme-pressure additives, anti-wear additives, corrosion inhibition additives, water-miscible additives, antioxidants and specialty products. Completing the portfolio are high-performance additive packages for metalworking fluids, as well as hydraulic, turbine, compressor, gear and multipurpose oils.

Rhein Chemie is a chemicals company which has had a successful track record in customized additives and service products stretching back over 100 years. The approximately 800-strong workforce develops, produces and sells products for various sectors of the rubber, lubricant and plastics industries worldwide. The company is headquartered in Mannheim-Rheinau, Germany and has production facilities in Europe, Asia and North and South America. Rhein Chemie is a wholly owned subsidiary of the LANXESS Group, Leverkusen, Germany

 
Philipp Junge has been head of the Lubricant Oil Additives Division of Rhein Chemie Rheinau GmbH, Mannheim, Germany.

LANXESS is a leading specialty chemical company, with sales of EUR 6.58 billion in 2008, and currently employs approximately 14,600 people in 23 countries around the world. The company is represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.


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