Lanxess targets Chinese and Indian acquisitions

摘要

German speciality chemicals firm Lanxess plans to complete two acquisitions in the third quarter of this year, one in China and one in India. These are Chinese trimethylolpropane (TMP) producer Jiangsu Polyols Chemical Company and Gwalior Chemical Industries of India. Jiangsu Polyols Chemical Company is a medium-sized company, founded in 2006 in Liyang, west of Shanghai, that produces TMP used in lubricants, paints and coatings. It achieved sales of about ?10M in 2008 and currendy employs some 170 staff. Lanxess business unit Basic Chemicals is already a major supplier of TMP in China and will integrate Jiangsu into its global operations. Lanxess is not revealing the purchase price.