Lanxess Enjoys Independence.

The article reports on the increase in the profit of chemical company Lanxess for the third-quarter of 2005. Lanxess posted a 41 percent increase in third-quarter earnings before interest, tax, depreciation and amortization (Ebitda). The company consists of Bayer's former Bayer Chemicals unit, including operations in leather, textile, and paper chemicals. Lanxess has agreed to invest in Saltigo by 2007. The restructuring plans for the fine chemicals business include a headcount reduction of 500 as well as some plant closures.