LEVERKUSEN, Germany (June 18, 2012)—Lanxess A.G. has established a subsidiary in Istanbul, part of its efforts to expand its business in the Turkish market.
The German company said Lanxess Kimya Ticaret Ltd. ªti. will manage the firm's business in the growing market. Lanxess generated record sales in Turkey in 2011 of $127 million, triple the amount it achieved in 2009, the firm said.
Lanxess sells its entire range of products in Turkey, from high-performance polymers and specialty chemicals.