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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Lanxess Establishes Subsidiary in Turkey

10:16 AM MDT | June 22, 2012 | —Natasha Alperowicz

Lanxess has announced the establishment of a subsidiary in Turkey with the aim of expanding the company’s business in that country. The subsidiary, Lanxess Kimya Ticaret Ltd. (Istanbul), will manage the group’s business in the fast-growing Turkish market. Lanxess generated sales of €125 million ($157.5 million) in Turkey last year, almost tripling the amount achieved in 2009. The Turkish subsidiary will initially have 20 employees under the management of Ömer Bakir. “The establishment of our new subsidiary in Turkey represents another...

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