I D
× COMMENTARYCOVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical EngineeringChementator Briefs
Ethylene dichloride Recently, Chemetry (Moss Landing, Calif.; www.chemetrycorp.com) and Braskem…
BUSINESS NEWSTECHNICAL & PRACTICALFEATURE REPORTFACTS AT YOUR FINGERTIPSTECHNOLOGY PROFILEENGINEERING PRACTICEEQUIPMENT & SERVICESFOCUSNEW PRODUCTS + Show More

Comment Business & Economics

Lanxess: Two acquisitions in Asia

By Gerald Ondrey |

Specialty chemicals group Lanxess AG (Leverkusen, Germany; www.lanxess.com) is underpinning its long-term growth strategy in the BRIC countries with two acquisitions in Asia. Lanxess subsidiary Lanxess India Private Ltd will acquire the chemical businesses and assets of stock market listed Indian company Gwalior Chemical Industries Ltd. for 82.4-million euros, including debt. A corresponding agreement was reached with the company. The transaction is subject to formal approval by Gwalior’s shareholders and clearance by the relevant antitrust authorities. Closing is expected at the end of the third quarter of 2009. Lanxess will also acquire the business and production assets of Chinese-based Jiangsu Polyols Chemical Co. Ltd. Both parties have agreed not to disclose the purchase price. Closing of this transaction is expected in the third quarter of 2009. The medium-sized company, which was founded in 2006, is located in Liyang, west of Shanghai. “These acquisitions in India and China are further milestones in our company’s long-term growth strategy in the BRIC countries,” said Axel C. Heitmann, chairman of Lanxess`s board of management. “Gwalior’s business complements the portfolio of our Basic Chemicals…
Related Content

Andritz

The Influence of IIoT in the Dewatering Process Step of Pigment Production

Taking a look at dewatering, an important step at the heart of the colour pigment production process. By using a method for a calcined kaolin pigment as an example, we explain how an intelligent filter press can improve pigment production.

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
The influence of IIoT in the dewatering process step of pigment production
The Big 6 level measurement technologies, where to use them and why
Top five technologies for drying in chemical applications
Crude distillation unit (CDU) optimization
Upstream Oil & Gas: Automation intelligence from wellhead to distribution

View More