2011-04-06

LANXESS on course for growth in the Middle East

Specialty chemicals group establishes new company based in Dubai

German specialty chemicals group LANXESS is expanding its global presence and has founded a dedicated company for the Middle East. LANXESS Middle East GmbH is headquartered in Dubai.
 
“The markets of the Middle East offer LANXESS interesting prospects, both in terms of raw material supply and because of the increasing demand there for quality products. Through an increased presence we would like to more effectively evaluate and exploit this strategic potential,” said Werner Breuers, a member of the LANXESS AG Board of Management, adding: “Dubai is an ideal location in this regard.”
 
LANXESS currently supplies customers in the Middle East primarily with specialty chemicals, color pigments for the construction industry and high-tech plastics and rubbers.
 
Managing Director of the new company is Elie Saad. Saad previously held various positions in the LANXESS group. His most recent function was as head of the global polymer additives business in the Functional Chemicals business unit.
 
Further information is available at www.lanxess.ae
 
 
LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently about 14,850 employees in 24 countries. The company is at present represented at 45 production sites worldwide. The core business of LANXESS is the development, manu¬facturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Information for editors:

All LANXESS news releases and accompanying photo, video and audio material can be found at www.lanxess.cn.

Information on chemical products from LANXESS can also be found in our Web Magazine at webmagazine.lanxess.cn.

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