Lanxess in joint venture deal with Ineos for ABS plastics business

摘要

Lanxess has established a joint venture with the British chemical group Ineos for its global ABS plastics business.Lanxess will incorporate its Lustran' polymers business unit into the joint venture and will initially hold a 49 per cent interest in the new company.In two years' time,Lanxess will completely withdraw from the business and sell off its 49 per cent stake to Ineos.'