LANXESS AG engages in the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. It operates through the following segments: Performance Polymers, Advanced Intermediates, and Performance Chemicals. The Performance Polymers segment offers polymer activities and comprises the butyl rubber, performance butadiene rubbers, technical rubber products and semi-crystalline products business units. The Advanced Intermediates segment produces basic and fine chemicals. The Performance Chemicals segment offers seven application-oriented business units in the field of process and functional chemicals: material protection products, inorganic pigments, functional chemicals, leather, rhein chemie, rubber chemicals and Ion exchange resins. The company was founded on July 1, 2004 and is headquartered in Leverkusen, Germany.