LANXESS Welcomes EU Deal in Favor of Environmentally Friendly Tires

Mumbai, India (PressExposure) September 06, 2009 -- Specialty chemicals group LANXESS AG welcomes the compromise reached between the European Commission, Council of the European Union and the European Parliament on Thursday (October 1, 2009) to introduce rules, which will mean car tires must have in the future a label clearly stating their fuel efficiency.

“This is another step in the right direction and we call upon the EU Parliament and the EU Council to formally adopt this agreement by the end of the year,” said Axel C. Heitmann, Chairman of the Board of Management of LANXESS AG.

When adopted, this legislation will help to reduce CO2 and noise emissions on Europe’s roads, by promoting green tires with improved fuel-efficiency that do not compromise on safety. In addition, the labels will provide more transparency to consumers.

LANXESS expects the new regulations to bring a lasting, positive boost to the innovative European tire industry and to the Leverkusen-based company in its capacity as the world’s leading producer of synthetic rubber and rubber chemicals.

Yesterday’s deal between the European Commission, Council of the European Union and the European Parliament means that from 2012 onwards, tires must have to provide details on their fuel efficiency, wet grip and rolling noise. The tires are to be categorized in a system of classes, with the best performance being labeled “Class A” and the poorest “Class G”. This system will offer consumers an important decision-making aid, when purchasing new tires.

Environmentally friendly tires produced with high-performance rubber from LANXESS have lower rolling resistance and therefore save fuel. The reduction in fuel consumption, in turn, cuts down the discharge of CO2 and lowers the impact on the environment. If all vehicles were equipped with such tires, around six billion liters of fuel could be saved every year in Europe alone, leading to a reduction in CO2 emissions of about 15 million metric tons. The high-tech materials produced by LANXESS make it possible to extend the “Magic Triangle” of tire technology: to combine low rolling resistance with good wet grip – in other words a shorter braking distance – and long service life.

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.

Information for editors: 100 years of synthetic rubber – interesting information about the anniversary and the numerous application areas of the elastic all-rounder can be found at http://www.worldrubberday.com/. You can find further information concerning LANXESS chemistry in our WebMagazine at http://webmagazine.lanxess.com/. All LANXESS news releases and accompanying photo, video and audio material can be found at http://press.lanxess.com/. Current photos of the Board of Management can be found at http://imagebase.lanxess.com/.

About Madison PR

LANXESS is a leading specialty chemicals company with sales of EUR 6.58 billion in 2008 and currently 14,335 employees in 23 countries. 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.

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Press Release Submitted On: October 06, 2009 at 5:55 am
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