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Home > News > Corporate News

LANXESS and Advent complete foundation of engineering materials JV

Source:Adsale Plastics Network Date :2023-04-13 Editor :JK
Copyright: 原创,请勿转载

LANXESS, a leading specialty chemicals company, and private equity investor Advent International have completed the formation of their engineering materials joint venture effective April 1, 2023. The new joint venture is the result of the combination of DSM’s Engineering Materials business and LANXESS’s former High Performance Materials business.


1.jpg

LANXESS and Advent International complete foundation of their engineering materials joint venture.

 

LANXESS holds about 40% of the joint venture, Advent about 60%. LANXESS also received a cash payment of around EUR 1.3 billion on March 31. LANXESS is using this mainly to reduce its debt and thus to strengthen its balance sheet. As financial support for the joint venture, LANXESS will be providing a loan of EUR 200 million.

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Chemical raw material
Lanxess
 Hengli Petrochemical Co.,Ltd      
 Tangshan Zhonghao Chemical Co., Ltd      
 Xiamen Xiangxi New Material Co.,Ltd.      
 UKKA Technologies(CHANGZHOU)Co., Ltd.      
 GREAT EASTERN RESINS INDUSTRIAL CO.,LTD.      
 Ningbo Yongteng New Material CO.,ltd      
  LIAONING NIPPON NANO TECHNOLOGY CO.,LTD      
 Nanjing Baitong New Material CO.,LTD      
 FENGSHUN ZHENGTONG POLYMER MATERIAL CO.,LTD.      
 Henghe Material & Science Technology Co., Ltd      
 Cangzhou quanshengfu New Materials Co.,Ltd      
 Hebei Keao Plastics Co.,Ltd      
 Guangdong Youju Advanced New Materials Co., Ltd.      
 Shanxi Fulihua Special Material Co.,Ltd      
 ZHE JIANG EUCHEM CHEMICAL CO., LTD      
 Rongsheng Petrochemical Co., Ltd.      
 Jiangsu Hanguang Industrial Co., Ltd.      
 Xingtai zhouke New Material Technology      
 Lucky Chemical Materials Co., Ltd.      
 Changle County Zhengtong Plastic Technology Co., LTD      
 ZUXING NEW MATERIALS CO.,LTD.      
 Shenzhen Jinzhicheng Plastic Technology Co., Ltd      
 Advanced New Materials (Qingdao) Co., Ltd      
 JIANGXI KORLLIN ECOPLASTICS CO.,LTD      
 Kelong Micro-powder Co., Ltd.      
 Guangdong Huiyun Titanium Industry Corporation Limited      
 DONGGUAN JINFULIANG PLASTIC TECHNOLOGY CO., LTD      
 LINGWE TECHNOLOGY CO.,LTD.      
 Shenzhen YU Chemical Co.,Ltd.      

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