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Article: Lanxess builds BRIC business.(TECHNOLOGY & PACKAGING)(Gwalior Chemical Industries)(Lanxess India Private)(Jiangsu Polyols Chemical Co.)(Brief article)
- Article from:
- Cosmetics International
- Article date:
- June 19, 2009
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German chemical group Lanxess is expanding its presence in the BRIC territories with two acquisitions.
In India, the company has bought the chemical businesses of Gwalior Chemical Industries for 82.4m [euro] through its Lanxess India Private subsidiary. The deal should close by the end of the third quarter of 2009.
"Gwalior's business complements the portfolio of the Basic Chemicals business unit and will strengthen our production base in the exciting Indian market," said Lanxess chairman Axel C. Heitmann Mumbai-based Gwalior's sales amounted to 45.7m [euro] ...