Lanxess Completes Synthetic Rubber Deal in Brazil

Lanxess says it has completed the acquisition of Braskem and Unipar’s combined 70% stake in synthetic rubber producer Petroflex (Rio de Janeiro, Brazil) for €198 million ($289 million) (CW, Dec. 19/26, 2007, p. 4). Petroflex is Latin America’s largest rubber producer and has manufacturing sites at Cabo, Duque de Caxias, and Triunfo. The company’s total synthetic rubber capacity is about 400,000 m.t./year and its most recent annual sales were about €500 million. Lanxess says Latin America is one of the most important growth markets...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers