LANXESS strengthens presence in China by acquiring polyol specialist.(Company Focus)

China Chemical Reporter | June 26, 2009| | Copyright

LANXESS AG is strengthening its market presence in the important Asia region by acquiring the business and production assets of Jiangsu Polyols Chemical Co., Ltd. (PCC) in Liyang, Jiangsu province, eastern China.

The deal is expected to close in the third quarter of 2009, pending for regulating authority's approval.

PCC engages in producing polyol family products containing proprietary calcium protess technology, including 15 000 t/a trimethylolpropane (TMP), 2 000 t/a diTMP, 2 500 t/a cyclic trimethylolpropane formal (CTF) and 10 000 t/a calcium formate, ...

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