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Article: LANXESS strengthens presence in China by acquiring polyol specialist.(Company Focus)
- Article from:
- China Chemical Reporter
- Article date:
- June 26, 2009
- Author:
CopyrightCOPYRIGHT 2009 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LANXESS AG is strengthening its market presence in the important Asia region by acquiring the business and production assets of Jiangsu Polyols Chemical Co., Ltd. (PCC) in Liyang, Jiangsu province, eastern China.
The deal is expected to close in the third quarter of 2009, pending for regulating authority's approval.
PCC engages in producing polyol family products containing proprietary calcium protess technology, including 15 000 t/a trimethylolpropane (TMP), 2 000 t/a diTMP, 2 500 t/a cyclic trimethylolpropane formal (CTF) and 10 000 t/a calcium formate, to serve China's lubricants, paints, coatings and printing as well feed additives markets. PCC ...