Industry News

LANXESS Forms JV with Ineos, Divests Borchers GmbH to OM Group

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By: DAVID SAVASTANO

Editor, Ink World Magazine

LANXESS has successfully completed two portfolio adjustments. Effective Sept. 30, 2007, the former Lustran Polymers business unit became part of INEOS ABS, a newly formed joint venture with British chemicals group INEOS.      LANXESS initially holds a 49 percent financial interest in the joint venture, while the operating business is run by INEOS. This minority interest held by LANXESS will also be acquired by INEOS in two years’ time as agreed. LANXESS will thus be withdrawing completely fro...

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