arlanxeo

Lanxess Agrees to Sell 50% Stake in Arlanxeo to JV Partner Saudi Aramco

Lanxess AG recently announced that it signed an agreement on Aug. 8 to sell its 50 percent stake in Arlanxeo, a manufacturer of synthetic rubber, to state-owned Saudi Arabian Oil Co. The German-based specialty chemicals manufacturer first established Arlanxeo in 2016 as a 50–50 joint venture with the Saudi firm, which is also known as Saudi Aramco. The sale is...

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Lanxess KK President Hideo Tsuji Comments on 2018 Plans, 2017 Results

Hideo Tsuji, president and CEO of Lanxess KK, held a press conference on April 17 to discuss the company’s plans and activities for fiscal 2018. Speaking at the event, Tsuji said that his company – which is the Japanese arm of German-based specialty chemicals manufacturer Lanxess AG – will provide lightweighting solutions for next-generation vehicles. This will include efforts in...

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Chloroprene Rubber Shortage Intensifies Worldwide, Affecting Japanese Firms

Chloroprene rubber (CR) is continuing to face a global shortage. Japanese CR manufacturers are already at their limit, holding down exports to prioritize domestic supply, while both producers and users of the product are struggling to navigate a situation where there are no expectations of a falloff in demand. A representative of one Japanese CR manufacturer has said that his...

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Arlanxeo Hikes Price for Chloroprene Rubber

Arlanxeo announced on March 1 a same-day price increase for its Baypren chloroprene rubber (CR) across South America, Europe, the Middle East, Africa and Asia. With the markup, the price now becomes 700 euros per ton. The company said that the decision for the price hike came on account of production costs and overall market trends over the last several...

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Japanese Manufacturers, Arlanxeo Increase Prices for Chloroprene Rubber

A string of price hikes is taking place with chloroprene rubber (CR) in the international market. Japanese companies Denka Co. Ltd. (TYO:4061), Tosoh Corp. (TYO:4042) and Showa Denko KK (TYO:4004) each have announced price increases, as has Netherlands-based Arlanxeo. The companies say that the reason for the price hikes is to ensure a stable product supply, as there is no...

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Lanxess CEO Zachert Visits Japan, Highlights Stable Business

Lanxess AG is focusing on investment for organic growth, said Matthias Zachert, chairman of the German chemical firm’s management board at a press conference at Tokyo’s Palace Hotel during a recent visit to Japan. Outlining corporate activities for fiscal 2016, he said that the company has been working to rebuild business operations during the 24 months following his appointment. According...

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