Issue Date: April 16, 2007
Lanxess To Spin Off Technical Services
Lanxess is advancing a plan announced last year to spin off its maintenance and technical services division on July 1. The wholly owned but stand-alone unit will be called Aliseca, a name derived from the Latin word "alisequus" meaning "winged servant," the firm says. The spin-off will allow for the more efficient organization of the 800-person division, says Günther Weymans, who currently heads the unit and will become its managing director in July.
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