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LANXESS on Course for Growth in the Middle East - Specialty chemicals group establishes new company based in Dubai
LANXESS on Course for Growth in the Middle East

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2011/04/04 - Specialty chemicals group establishes new company based in Dubai. FRA: DE Frankfurt: LXS

   
 
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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 lanxess.ae/.

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 14,850 employees in 24 countries. The company is represented at 45 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

 
 
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Written by / Agency / Source: LANXESS

 
 

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LANXESS on Course for Growth in the Middle East

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LANXESS |
Publisher Contact: Ingo Drechsler - LANXESS.com 
+49 214 30 43790 ingo.drechsler[.]lanxess.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

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