German specialty chemicals group LANXESS plans to sell its remaining 50% stake in ARLANXEO to its joint venture partner Saudi Aramco. The two companies that founded ARLANXEO in 2016 as a 50-50 joint venture for synthetic rubber signed a respective agreement on 8 August 2018. The transaction is still subject to approval of the relevant […]

Cologne, Germany-based specialty chemicals company LANXESS and Saudi Aramco subsidiary Aramco Overseas Company announced their plan to establish a joint venture for synthetic rubber, with each holding a 50% interest in the joint venture. The joint venture will have annual sales of approximately EUR 3 billion (USD 3.34 billion). Saudi Aramco will pay approximately EUR […]

Cologne, Germany-based specialty chemical company Lanxess has opened a second manufacturing plant on Jurong Island, Singapore, with an investment of EUR 200 million (USD 225 million). “Together with our adjacent butyl rubber plant, the opening of this new butadiene rubber plant reinforces the strategic role of Singapore as our hub for synthetic rubber production for […]