Advertisement
Grab your lab coat. Let's get started
Welcome!
Welcome!
Create an account below to get 6 C&EN articles per month, receive newsletters and more - all free.
It seems this is your first time logging in online. Please enter the following information to continue.
As an ACS member you automatically get access to this site. All we need is few more details to create your reading experience.
Not you? Sign in with a different account.
Not you? Sign in with a different account.
ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Investment
Lanxess will sell rest of rubber business to Saudi Aramco
by Alex Scott
August 17, 2018
| A version of this story appeared in
Volume 96, Issue 33
Lanxess has agreed to sell its 50% stake in rubber maker Arlanxeo to joint venture partner Saudi Aramco for $3.4 billion. The business employs 3,800 and generates annual sales of about $3.6 billion. Lanxess sold the first half of the business to Aramco in 2016. It had planned to hold onto the other half until 2021. Moving the sale forward should allow Lanxess to improve its focus on midsize specialty chemical markets, says Chairman Matthias Zachert.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
You might also like...
The power is now in your (nitrile gloved) hands
Sign up for a free account to get more articles. Or choose the ACS option that’s right for you.
Already have an ACS ID? Log in
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on X