Lanxess tags 1.4 billion for improvements Firm plans to focus on Asian developments;restructuring its 13 business units

摘要

LONDON-Rubber chemicals supplier Lanxess A.G.plans to invest more than 1.4 billion through 2009 to strengthen its businesses,with a specific focus on capital expenditures and facilities in Asia. The Leverkusen,Germany-based company also is restructuring its 13 business units effective Oct.1 to reflect its divestiture of noncore operations,reorganizing its four segments into three.Lanxess made the announcements as part of its second annual Media Day,held this year on Sept.19 in London.