LANCESS

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2023: Russian businessman buys Lanxess assets in Russia

Russian businessman Vladimir Yakushin became the new owner of the assets of the German chemical company Lanxess in the Lipetsk region. This was announced on June 1, 2023 by Interfax with reference to the data of the Unified State Register of Legal Entities (USRUL).

It follows from it that 99.9% of the authorized capital of Lanxess Lipetsk LLC, previously controlled by Lanxess, belonged to Lanxess LLC, 0.01% - to Nortex LLC. As of May 31, 2023, Nortex LLC owns 100% of the capital. At the same time, the owner of the company Yakushin became the general director of Lanxess, replacing Konstantin Smirnov in this post, the news agency reports.

Russian businessman bought the assets of the chemical concern Lanxess in the Russian Federation

By June 1, 2023, the Nortex website says that the company is the largest distributor of chemical raw materials and building systems in Russia and the CIS countries. Nortex imports chemical raw materials from more than 70 global manufacturers.

By June 2023, Lanxess is one of the largest manufacturers of special chemical products in the world. The concern launched a plant in the Lipetsk special economic zone in 2013. Investments in the creation of production exceeded 200 million rubles. On the Russian site, polymer-bound additives of the Rhenogran brand were produced for rubbers used in the automotive and tire industries. The capacity of the enterprise is 1.5 thousand tons of dispersed polymer-bound additives per year. The main sales markets are Russia and the CIS countries.

According to Werner Broyers, a member of the company's board of directors, the company sees the growth potential of the Russian automotive market and the automotive industry as a whole. Thus, manufacturers have a need for products manufactured by Lanxess, as well as diaphragms, which are used in the tire industry to give tires final properties and shapes, he noted.^[1]

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