Dedicated company founded in Dubai
German speciality chemicals group Lanxess has founded a dedicated company for the Middle East, headquartered in Dubai.
Commenting on the initiative, Lanxess management board member Werner Breuers said: “The markets of the Middle East offer Lanxess interesting prospects, both in terms of raw material supply and because of the increasing demand there for quality products. Through an increased presence we would like to more effectively evaluate and exploit this strategic potential. Dubai is an ideal location in this regard.”
Elie Saad will head up Lanxess Middle East GmbH as md. He has held various positions in the group, most recently head of the global polymer additives business in the functional chemicals business unit.