New LANXESS startup: Online marketplace CheMondis launched successfully

Cologne ? CheMondis, a new global online marketplace for chemical products, has been successfully launched. The startup founded by specialty chemicals company LANXESS is set up as a cross-manufacturer and cross-dealer B2B platform on which products can be bought and sold.

?Developing new business models is an important element of the LANXESS digitalization initiative. With CheMondis, we have launched a digital marketplace that specifically targets the needs of the chemicals industry,? said Matthias Zachert, Chairman of the Board of Management of LANXESS AG.

After undergoing an intensive development phase with selected customers, CheMondis currently offers around 500 products from various suppliers. ?In the development of CheMondis, we have consistently focused on the needs and wishes of our customers. The result is a highly modern and reliable online marketplace where chemical products can be traded. After only a few weeks, more than 200 companies have already registered,? said Sebastian Brenner, Managing Director of CheMondis GmbH. ?Here we are combining profound knowledge from the chemicals industry, a startup spirit and a high level of technological expertise.?

CheMondis is a wholly owned subsidiary of LANXESS. The fledgling company has its own workforce, branding, IT systems and company headquarter in Cologne.

CheMondis originates from the company-wide digitalization initiative that LANXESS started in 2017. For this purpose, the group has established a standalone group function under the leadership of Chief Digital Officer J?rg Hellwig. The initiative?s core action areas are to develop digital business models, introduce new technologies throughout the value chain, develop and utilize big data, and foster digital expertise among employees.

Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

LANXESS is a leading specialty chemicals company with sales of EUR 9.7 billion in 2017. The company currently has about 15,500 employees in 33 countries and is represented at 59 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

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