Lanxess plans further Turkish expansion

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Friday, September 14, 2012
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) q/ S( F  H0 q0 f' Z; [Leverkusen, Germany/Istanbul, Turkey - Specialty chemicals company Lanxess plans to expand further in the Turkish market. For the first time, Lanxess is showcasing its rubber expertise on the Turkish market at Rubber 2012 in Istanbul, which is being held this week for the seventh time in cooperation with TÜYAP Fairs and Exhibitions Organization Inc. and the Turkish Rubber Association. All Lanxess business units involved in the rubber and additives sectors are represented, including the subsidiary Rhein Chemie. Lanxess generated record sales in Turkey in 2011 amounting to some EUR 125 million, nearly triple the amount in 2009. Since June 2012, the company has managed its business here through Lanxess Kimya Ticaret Ltd. Şti. “The establishment of our new country company in Turkey represents another milestone on our global course for growth. Turkey is tremendously important not least because of its geographical location between East and West, and as an engine for growth in the entire region,” says Ömer Bakir, managing director of Lanxess Kimya Ticaret Ltd. Şti. The company anticipates that the Turkish economy will grow at an average rate of 4 to 5 percent a year between 2013 and 2016, significantly faster than western Europe. -