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Lanxess and Advent International launched their 40:60 joint venture Envalior for high-performance engineering plastics, with annual sales of nearly €4 billion and 4,000 employees. Lanxess received €1.3 billion from Advent.
“The new player based near Düsseldorf, Germany, and headed by former Ineos manager Calum MacLean as CEO, has annual sales of close to €4 billion and 4,000 employees.”chemanager-online.com
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