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06-14-2012

Altana Expands its Business in Asia

Elantas Electrical Insulation, a division of the specialty chemicals group Altana AG, Wesel, Germany, 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, Elantas will take over the company’s production facilities in Changzhou, its technology and employees. Both parties have agreed that no details of the purchase price would be disclosed.

Elantas 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.

Company profile

Altana AG

Abelstr. 43
DE 46483 Wesel
Tel.: 0281 670-8
Fax: 0281 670-376

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