Lanxess to speed development at Saltigo
German chemicals group Lanxess has announced plans to develop its fine chemicals subsidiary Saltigo and has already earmarked €30 million to modernise its plants in
According to Lanxess’ management board chairman Dr Axel Heitmann, "The decision made in early summer 2005 to realign the fine chemicals business, which had been making substantial losses, led to a turnaround." However, the company stated that despite higher capacity utilisation and a steady increase in earnings, profitability is not yet satisfactory by the company’s international standards.
Saltigo has special expertise in the custom manufacturing of fine chemicals, which means products are manufactured on an exclusive basis according to customer requirements. It currently employs approximately 1,400 staff in
