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Wednesday, 18 September 2019
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Markets & companies

Altana acquires production facilities from Changzhou Lantian Ruiqi Chemical

Wednesday, 13 June 2012

As a result of the acquisition Altana’s business unit Elantas will be enabled to produce an important raw material for wire enamels in-house.

Elantas Electrical Insulation, a division of Altana AG, has signed a purchase agreement with Changzhou Lantian Ruiqi Chemical Co., Ltd. to acquire the Chinese company's business with Tris-2-hydroxyethyl Isocyanurate (THEIC). Within the framework of the transaction, which is expected to be completed in the third quarter of 2012, the German company will take over the Chinese company's production facilities in Changzhou, its technology and employees.

The company plans to continue the acquired business under the name of 'Elantas Changzhou Ltd.' and to expand the capacity of the plant. As a result of the acquisition the company will be enabled to produce an important raw material for wire enamels in-house.

Elantas expandsits business in Asia. Source: Moonrun - Fotolia.com

Elantas expandsits business in Asia. Source: Moonrun - Fotolia.com

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