LANXESS - progress on sale of Fibers & Paper BU announced
01 Mar '06
2 min read
Leather chemicals producer LANXESS has made progress with the portfolio adjustments it announced at the end of last year.
The Group has now successfully concluded the sale of its Dorlastan fibers business, with production sites in Dormagen (Germany) and Bushy Park (South Carolina, USA), to the Japanese company Asahi Kasei Fibers Corporation (AKF).
Now that the responsible antitrust authorities have issued their approval, the transaction takes legal and economic effect from March 1, 2006.
The sale of LANXESS's Paper business unit to the Finnish chemicals group Kemira Oyj originally announced in December 2005 has now almost reached closing. The responsible antitrust authorities have agreed to the transaction. Kemira will take over the paper chemicals business on April 1, 2006.
Dorlastan Fibers GmbH produces brand fibers of outstanding quality for nearly all fields of applications of textile production.
Leverkusen-based chemical company LANXESS is a leading chemicals group with production sites and agencies all over the world: a global player in the fields of chemicals, plastics and rubber.
Asahi Kasei Fibers Corporation - expanding range of innovative materials for apparel and industrial applications are produced with the know-how gained through eight decades of industry leadership.
Finnish company Kemira Group is a chemicals manufacturing companies, active in pulp and paper, water treatment, agriculture, paints and coatings and textile.
marketing@alchempro.com
