Home / Knowledge / News / Textiles / LANXESS establishes strong presence in Russian and CIS markets
LANXESS establishes strong presence in Russian and CIS markets
12
Mar '09
Specialty chemicals group LANXESS AG officially launched its new, independent sales company in Moscow to manage the company's business in Russia and other countries of the Commonwealth of Independent States (CIS). OOO LANXESS' office will be located in The Federation Tower and will primarily be marketing high-performance rubber, chemical and plastic products.

“Our commitment to Russia represents a major step in the long-term growth strategy of our company, especially in the BRIC countries, which already account for about 15 percent of Group sales”, said Axel C. Heitmann, Chairman of the Board of Management.

LANXESS achieved annual sales of roughly 40 million Euro in Russia in 2007 and will initially have in Moscow a team of 30 employees headed by Georges Barbey, General Director of OOO LANXESS. It also opened recently a branch office in Kiev, Ukraine.

The company expects Russian and CIS economic growth rates over the next few years to be significantly above that of Western Europe. This growth will be driven by the automotive, tire, agricultural, chemical, construction, and electronic industries, which need the high-quality specialty chemical products that LANXESS produces.

“We see major development potential for us in Russia beyond the current economic crisis, and we aim to consistently expand our market share in the future”, said Werner Breuers, Member of the Board of Management.

New production facility targeted for 2010
In addition to the new sales company, LANXESS' wholly-owned subsidiary Rhein Chemie plans to set up near the city of Nizhny Novgorod, east of Moscow, a production facility that will produce polymerbound additives and release agents for the rubber processing and tire industry as of mid-2010.

Scientific tie-up with Russian Academy of Sciences (RAS)
LANXESS is close to finalizing a cooperative research agreement with RAS – one of the world's most distinguished scientific institutions founded over 285 years ago. Both parties aim to actively exchange information on scientific trends and innovative research developments, which will be of mutual benefit.

“This cooperation clearly underlines our company's long-term approach to the Russian market and will contribute strongly to our innovation-driven product strategy”, said LANXESS' Breuers.

Setting out stall at Moscow trade fairs
Besides today's official launch, LANXESS will be showcasing its portfolio of premium products at the Tires & Rubber 2009 Trade Fair and at the Interlakokraska 2009 Coatings Industry Trade Fair, both being held in Moscow from March 10–13 at the Expocentr' Krasnaya Presnya.

“We want to present ourselves to the industries in Russia as an innovative, reliable, as well as ecologically-aware partner, and at the same time establish new trends with our technologies, products and services”, said LANXESS' Barbey. “Our presence in Moscow also means we can now be closer to our customers – an important aspect of success in the chemical industry.”

LANXESS AG


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search