Press release
LANXESS Acquires Polyol Specialist in China
Further milestone in company’s BRIC strategyShanghai – The specialty chemicals company LANXESS AG is strengthening its market presence in the important Asia region by acquiring the business and production assets of Jiangsu Polyols Chemical Co. Ltd. in Jiangsu province, China. Both parties have agreed not to disclose the purchase price. Closing is expected in the third quarter of 2009.
Jiangsu Polyols mainly produces trimethylolpropane (TMP) that is used in lubricants, paints and coatings. LANXESS’s business unit Basic Chemicals is already a major supplier of TMP in China and will integrate Jiangsu into its global operations.
”This is a further milestone in our long-term growth strategy for BRIC countries, “said Axel C. Heitmann, Chairman of the LANXESS Board of Management, “In addition, we are underlining our commitment to the important Chinese market in these difficult times.”
The Chinese medium-sized company, which was founded in 2006, is located in Liyang, west of Shanghai. Jiangsu Polyols achieved sales of about EUR 10 million in 2008 and currently employs some 170 staff at a facility with competitive technology.
With some 1,000 employees worldwide, the Basic Chemicals business unit is one of the leading manufacturers of raw materials for agrochemicals, polymers, surface coatings and pigments. It operates several production sites in Germany, China and the United States. The Basic Chemicals business unit belongs to the Advanced Intermediates segment, which achieved total sales in 2008 of EUR 1.3 billion. The segment has proven to be one of LANXESS’ more stable businesses in the economic crisis due to its exposure to the agrochemical industry.
During a press conference in Shanghai, Martin Kraemer, CEO of LANXESS Greater China, remarked: “This acquisition is another step in strengthening our leading businesses here in China –and further proof of our successful China strategy. We are extending our employee and production base along our path of long-term, sustainable growth.”
Jiangsu Polyols is LANXESS’ second acquisition in China following the takeover in June 2008 of the largest and most modern plants for yellow iron oxide pigments in China from Jinzhuo Chemicals Company Ltd. in Jinshan near Shanghai. This strengthened the market position of the LANXESS Inorganic Pigments business unit, ensuring an independent supply of raw materials.
LANXESS also announced today that it has acquired the businesses and assets of stock-market-listed Indian company Gwalior Chemical Industries Ltd. for EUR 82.4 million, including debt.
This is LANXESS’ first acquisition in India and further strengthens the portfolio of the Basic Chemicals business unit. Gwalior is a leading manufacturer of benzyl products and sulphur chlorides for the agrochemicals, pharmaceutical, dyestuff as well as flavor & fragrance industries
Information for editors:
All LANXESS news releases and accompanying photo, video and audio material can be found on http://www.lanxess.cn.
You can find further information concerning LANXESS chemistry in our WebMagazine on http://webmagazine.lanxess.cn.
LANXESS is a leader in specialty chemicals with sales in 2008 of EUR 6.58 billion and currently around 14,600 employees in 23 countries. The company is represented at 44 production sites worldwide. The core business of LANXESS is the development, manufacture and sale of plastics, rubber, intermediates and specialty chemicals.
LANXESS China
16F Park Place, 1601 West Nan Jing Road,
Shanghai 200040
China
press contacts: Jessica Xu
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release LANXESS Acquires Polyol Specialist in China here
News-ID: 83145 • Views: …
More Releases from LANXESS China

Sweetening the summer - by using LANXESS products
Clear enjoyment for the eye and palate
Ion exchange resins for the reliable demineralization and decolorizing of sugar solutions for the production of beverages
Leverkusen/Shanghai – Sugar is an indispensable component of many of the soft drinks that are particularly popular at summer-time. As a rule, the beverage industry no longer uses crystallized sugar as the sweetening agent and flavor carrier, but prefers to work with sugar solutions, syrups and…

LANXESS Bayferrox pigments for unique shade Eiffel Tower Brown
120th-birthday makeover
High-performance pigments from LANXESS for the anti-corrosion coating on the Parisian landmark
Leverkusen – The Eiffel Tower is getting a new look for its 120th birthday. The monument, which was constructed for the 1889 World’s Fair and was originally intended to remain in place for only 20 years, is repainted every seven years. Bayferrox pigments from the specialty chemicals group LANXESS AG provide the color for the Paris trademark’s high-grade…

Around the world in 360 days by car – with ion exchange resins and expertise f …
Compact on-board unit turns used vegetable oil into eco-friendly biodiesel
Leverkusen – Japanese photojournalist Shusei Yamada is on another Biodiesel Adventure Tour. After completing his eco-friendly around-the-world journey in an SUV with the help of biodiesel refined on the go, he is now traveling through the rural regions of his home country. An on-board, ultra-compact production unit provides the fuel: biodiesel made of waste vegetable oil used for frying in households…

LANXESS Provides Learning and Development Opportunities to Chinese Students join …
LANXESS Rubber Student Award is a regular based program initiated in China.
Qingdao/Shanghai –German specialty chemicals company LANXESS AG recently announced the initiation of LANXESS Rubber Student Award in Qingdao, Shandong, China. It is a regular based program with the purpose of joint force of enterprise and university to provide learning and development opportunities to excellent Chinese students.
Ms. Wang Shuang Shuang, postgraduate of School of Polymer Science…
More Releases for Chemical
Phosphorus Pentachloride market Key Players| Xuzhou Weiruipu Chemical, Xuzhou Ho …
A Comprehensive research study conducted by KD Market Insights on " Phosphorus Pentachloride (CAS 10026-13-8) Market - By Product Type (Qualified: content?98.0%, First grade: content?99.0%, High class products: content?99.5%), By Application (Pharmaceutical Industry, Dye Industry, Chemical Industry, Other) & Global Region Market Size, Share, Trends and Forecast 2018-2023" report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The Phosphorus Pentachloride market report includes market size, growth drivers,…
Global 4-Hydroxybenzaldehyde Market 2019 - Jiaxing Jinhe Chemical, Suzhou Inter- …
4-Hydroxybenzaldehyde is an important fine chemical product and intermediate for organic synthesis, with wide use in pharmaceutical, aromatizer, pesticide, electroplating and liquid crystal industries.
4-Hydroxybenzaldehyde is a white or pale yellow crystalline powder, which is mainly made from para-cresol.
Applications of 4-hydroxybenzaldehyde include Pharmaceutical, Aromatizer, Pesticide, Electronic and so on. Among those applications, Aromatizer accounts for the largest market share, which was about 65.60% in 2016.
The 4-hydroxybenzaldehyde industry is highly concentrated…
Industrial Sodium Nitrate Market Increasing Demand with Key Players: XuHang Chem …
Qyresearchreports include new market research report “Global Industrial Sodium Nitrate Market Professional Survey Report 2018” to its huge collection of research reports.
This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering
SQM
Hualong Ammonium Nitrate
XuHang Chemical
FuYuan Chemical
LuGuang Chemical
YuanHua Chemical
XinHao Chemical
FengYuan Chemical
Longsheng
Jiaocheng Zhongyuan Chemical
Jiaocheng MingXing Chemical
Huaertai Chemical
To Download Sample Report With TOC: https://www.qyresearchreports.com/sample/sample.php?rep_id=1649032&type=S
On the basis of product, this report displays the production, revenue,…
Zinc Sulphate Market Key Players Profiles and Analysis 2027: Lantian Chemical, L …
Market Research Future published a half cooked research report on “Global Zinc Sulphate Industry Market” – Market Analysis, Scope, Stake, Growth, Trends and Forecasts 2017-2027.
Introduction:
Market Research Future introduces about the Global Zinc Sulphate Market during the forecast period 2017-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on…
Global Nickel Naphthenate market 2017 - Minghuan Chemical, Zhang Ming Chemical, …
Apex Market Reports, recently published a detailed market research study focused on the "Nickel Naphthenate Market" across the global, regional and country level. The report provides 360° analysis of "Nickel Naphthenate Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Nickel Naphthenate industry, and estimates the future trend of Nickel Naphthenate market…
Zinc Sulphate Market Key Profile- Lantian Chemical, LiHong Chemical, Rech Chemic …
Global Zinc Sulphate Market: Overview
Zinc sulphate is an inorganic compound which is colorless, water soluble powder and crystalline and having a chemical formula of ZnSO4. Zinc Sulphate comes from zinc which is a naturally occurring mineral from the earth surface, food and water and it is mostly recognized for the growth and development of human health issues. Zinc Sulphate is typically used in healthcare industries in the treatment of zinc…