matthias zachert

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 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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