Lanxess Abs Limited under scrutiny

Lanxess Abs Limited has announced that LANXESS ABS Limited (the Company) is a subsidiary of the LANXESS Group of Germany which holds 50.97% of the shares in the Company. As such, the Company is part of the LANXESS Group´s Business Unit Styrenic Resins, one of the major global producers of ABS and SAN. When announcing the Q2 2006 results on August 16, 2006 of the LANXESS Group, Dr. Axel C. Heitmann, Chairman of the Board of Management of LANXESS , Germany confirmed his previous statement that generally all LANXESS Group´s Business Units are under scrutiny. Dr. Heitmann further said that this also relates to the Business Unit Styrenic Resins for which strategic options are currently being evaluated. As Dr. Heitmann has stated previously, the LANXESS GROUP has appointed a project team comprising of internal and external experts to perform this analysis.

Source : Equity Bulls

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