LANXESS is a German specialty chemicals company based in Cologne, Germany. It was founded in 2004 after Bayer AG spun off its chemicals division and parts of its polymers business. The company's core business involves the development, manufacturing, and marketing of chemical intermediates, additives, and consumer protection products. With approximately 11,700 employees globally, LANXESS is a leading player in the specialty chemicals market, focusing on high-quality, innovative products and sustainable solutions.