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Polymers

Lanxess sells chrome chemical unit to Chinese firm

by Alex Scott
August 24, 2019 | APPEARED IN VOLUME 97, ISSUE 33

 

Lanxess has agreed to sell its chrome chemical business to the Chinese leather-chemical producer Brother Enterprises for an undisclosed sum. The business generates annual sales of about $110 million. Brother Enterprises will take over Lanxess’s site in Newcastle, South Africa, which makes sodium dichromate and chromic acid and has 220 employees. Lanxess will retain a second site near Durban, South Africa, where until 2024 it will produce chrome tanning salts for Brother Enterprises on a contract basis.

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