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November 15, 2005
By: TOM BRANNA
Editor
Bayer AG, Leverkusen, Germany, plans to place a large part of its chemicals business and some actives of Bayer MaterialScience into a new company named Lanxess, which will then be floated on the stock market, according to executives. The name Lanxess is intended to communicate the international significance of the future chemicals enterprise. “We believe that the name is goal-oriented and forward-looking,” said Dr. Axel C. Heitmann, chief executive officer designate of Lanxess. “This name is a...
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