Make your products visible globally with Elite Membership.
I agree to the terms and conditions
Existing User?
Sign In with Email
Remember Me Forgot Password?
New User?
Enter your registered Email ID to get reset password.
Elite Member
Individual Register
COLOGNE, GERMANY: Lanxess AG said that it plans to acquire the phosphorus chemicals business with a US production site from Solvay SA, expanding its additives segment.
Both companies have signed an agreement to this effect. The transaction is expected to complete in the first half of 2018. The acquisition fully complements Lanxess’s strategy to grow its business in mid-sized markets and in the regions North America and Asia.
The site in Charleston, South Carolina, includes six production units, where roughly 90 employees manufacture phosphorus chloride plus numerous derivative products such as flame-retardants and intermediates for the agrochemical industry. The business represents annual sales of around €65 million.
"With this acquisition, we are benefitting from a North American platform for phosphorus-based speciality chemicals – a key component of our additive business – and are able to further drive our growth in this key region," said Anno Borkowsky, general manager of the additives business unit at Lanxess.
© Worldofchemicals News
Login
THE WOODLANDS, US: Chicago Bridge & Iron Company (CB&I) has been selected by Indian Oil Corporation Limited (IOCL) for the license, ...
HOUSTON, US: Westlake Chemical Corporation (WLK) said that it has priced it's previously announced underwritten public offering of $500.0 million aggr ...
AMSTERDAM, NETHERLANDS: AkzoNobel NV has opened its first regional application training centre in Dubai, further strengthening its customer service st ...
THE HAGUE, NETHERLANDS: Royal Dutch Shell plc (Shell) confirms that, following strong demand from institutional investors, Shell Energy Holdings Austr ...
MUNICH, GERMANY: Clariant has signed a global licensing agreement to supply their solid sorbent material for RTI International’s warm gas desulf ...
NAGDA, INDIA: Lanxess India Private Limited has taken another major step towards creating a sustainable environment in & around Nagda, Madhya Prad ...
Stay updated with the latest chemical industry trends and innovations.
Verification Code has been sent to
Please enter the Verification Code below to verify your Email Address.If you cannot see the email from "noreply@worldofchemicals.com" in your inbox,make sure to check your SPAM Folder