Lanxess to move HQ out of Bayer site

ERJ staff report (DS)

Leverkusen, Germany -- Lanxess AG is seeking a new site for its headquarters, almost certainly in Cologne, just a few miles from its existing HQ in Leverkusen. The company said it expects to complete the relocation of around 500 senior staff by 2011

Key management functions at Lanxess are currently located in a number of buildings throughout the Leverkusen Chempark, which houses manyof Bayer AG's operations. Lanxess said , and the capacities for suitable office space and parking are exhausted. These management functions are to be consolidated under one roof at the new Group headquarters building which, as well as providing sufficient space and ease of access, is to incorporate an innovative and effective office concept. Current planning is for around 500 of the some 8000 Lanxess employees in Germany to relocate to the new building, which is to be financed preferably by an external investor.

Lanxess said it wil continue to employ people on the Leverkusen site. “Leverkusen will remain our biggest and most important production location worldwide with the most employees. We will maintain our high level of commitment here in the future as well. Alone this year and next we will be investing around EUR 200 million at the site,” said Axel Heitmann, Chairman of the Board of Management

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Press release from Lanxess