BUSINESS IN SHORT

Lanxess surveys region from Bratislava

THE GERMAN chemical company Lanxess AG is opening a new centre for Central and Eastern Europe in Bratislava. From there, the distributor Lanxess Central Eastern Europe will manage its commercial activities in the Czech Republic, Poland, Hungary, and Slovakia, the SITA newswire wrote.

THE GERMAN chemical company Lanxess AG is opening a new centre for Central and Eastern Europe in Bratislava. From there, the distributor Lanxess Central Eastern Europe will manage its commercial activities in the Czech Republic, Poland, Hungary, and Slovakia, the SITA newswire wrote.

"Bratislava provides optimal prerequisites for the company's success in business activities, as the firm can efficiently manage its activities in the whole region from it," Flemming B. Bjoernslev of Lanxess Central Eastern Europe told SITA.

Lanxess hired 40 people within the first phase. About twenty of them work in Bratislava, the rest in subsidiaries and in the field.

Lanxess reported a turnover of over Ř130 million in the Visegrad Group countries. It trades in highly efficient rubber and rubber-based chemicals to national and international tire makers, which are expanding their production capacities mainl and Eastern Europe. It also trades in high-tech plastics. About fifty percent of sales of these products in Slovakia, the Czech Republic, Poland and Hungary are for the automotive industry.

"During the next few years we expect these countries' development to be undoubtedly bigger than the development in Western Europe," Rainer van Roessel, a member of the board of directors of the company told the Hospodárske Noviny daily.

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