Looking to Latin America

Dawson, Brad
January 2008
Rubber & Plastics News;1/14/2008, Vol. 37 Issue 12, p3
Trade Publication
The article reports on the plan of Lanxess AG to acquire controlling interests in Petroflex Industria e Comercio S.A., a synthetic rubber producer in Rio de Janeiro, Brazil. The acquisition is comprised of 72% stake of Petroflex and the holdings of two majority shareholders including Braskem S.A. and Uniao de Industrias Petroquimicas S.A. Axel C. Heitmann, chairman of Lanxess, stated that the company purchase Petroflex complements as part of their strategy for its Performance Polymers segment.


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