LANXESS establishes strong presence in Russian and CIS markets

Specialty chemicals group LANXESS AG (www.lanxess.com) officially launched recently its new, independent sales company in Moscow to manage the company´s business in Russia and other countries of the Commonwealth of Independent States (CIS). OOO LANXESS’ office will be located in The Federation Tower and will primarily be marketing high-performance rubber, chemical and plastic products.

“Our commitment to Russia represents a major step in the long-term growth strategy of our company, especially in the BRIC countries, which already account for about 15 percent of Group sales”, said Axel C. Heitmann, Chairman of the Board of Management.

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LANXESS achieved annual sales of roughly 40 million Euro in Russia in 2007 and will initially have in Moscow a team of 30 employees headed by Georges Barbey, General Director of OOO LANXESS. It also opened recently a branch office in Kiev, Ukraine. The company expects Russian and CIS economic growth rates over the next few years to be significantly above that of Western Europe. This growth will be driven by the automotive, tire, agricultural, chemical, construction, and electronic industries, which need the high-quality specialty chemical products that LANXESS produces.

New production facility targeted for 2010
In addition to the new sales company, LANXESS’ wholly-owned subsidiary Rhein Chemie plans to set up near the city of Nizhny Novgorod, east of Moscow, a production facility that will produce polymerbound additives and release agents for the rubber processing and tire industry as of mid-2010.

Scientific tie-up with Russian Academy of Sciences (RAS)
LANXESS is close to finalizing a cooperative research agreement with RAS – one of the world’s most distinguished scientific institutions founded over 285 years ago. Both parties aim to actively exchange information on scientific trends and innovative research developments, which will be of mutual benefit.

LANXESS AG, Leverkusen, Germany

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