PITTSBURGH (Sept. 30)—Lanxess Corp. has chosen a business park in the suburban Pittsburgh metropolitan area for its North American headquarters and is getting more than $2 million in financial assistance from the commonwealth of Pennsylvania and Allegheny County to support its move.
Lanxess, the former Bayer A.G. chemicals and elastomers business, is moving into new quarters in Findlay Township in Allegheny County near the Pittsburgh Airport and not far from Bayer Corp.'s 300-acre headquarters campus in Robinson Township. The 104,000-sq.-ft. headquarters will house up to 435 employees; the move is to be completed by Nov. 1.
As part of its headquarters consolidation, Lanxess will close its Akron polymers sales and service office by early next year and reassign those employees to new offices in other locations.
Lanxess pledged to invest about $10 million in Pennsylvania over the next three years as part of its move. In return, Pennsylvania agreed to make available nearly $1.9 million in assistance, in the form of a Pennsylvania Opportunity Grant (up to $872,000), job-training assistance ($554,000) and job creation tax credits ($435,000). Allegheny County pledged a Community Development Block Grant of up to $200,000.