Divestments
Following its formation, Lanxess implemented a series of restructuring projects. Initially, these consisted mainly of divestments. The Fine Chemicals Business Unit was transferred to Saltigo GmbH, an independent subsidiary of Lanxess. Next, the Dorlastan synthetic fiber business was sold to Asahi Kasei Fibers. iSL-Chemie, a manufacturer of pigment preparations and special coatings in Kürten, Germany, was sold to Berlac AG for €20 million. And the Paper chemicals Business Unit was sold to the Finnish paper group Kemira for €88 million.
In 2006, Lanxess sold its Textile Processing Chemicals Business Unit (excluding North American assets) to Egeria Capital for €54 million. The North American textile assets were sold to StarChem.
In 2007, the former Technical Services group function was reorganized as a wholly owned subsidiary, Aliseca GmbH. A Lanxess subsidiary, Borchers GmbH – a manufacturer of coatings, emulsion paints and inks – was sold to the OM Group in the United States. In June of the same year, Lanxess transferred its Lustran subsidiary to a joint venture with British chemicals group Ineos Ltd.