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LANXESS Stands Alone, Renames Dorlastan Unit

LANXESS, a new company formed late last year by the Germany-based Bayer Group, began operating as an independent company July 1, 2004. The company combines most areas of Bayer's chemicals business and parts of its polyester operation (See "Textile World News," December 2003).

LANXESS is scheduled to receive its own stock market listing at the beginning of 2005. Until then, it will operate under the umbrella of the Bayer AG holding company.

"What we have to do now is use our strengths to their full advantage so as to achieve a competitive result and to ensure LANXESS a smooth transition to becoming an independent company outside the Bayer Group," said Dr. Axel C. Heitmann, CEO-designate, LANXESS. "That's why its still important to seize every single possibility for cutting costs and grasp every new market opportunity."

Also effective July 1, LANXESS business unit Bayer Faser GmbH, Germany, has been renamed Dorlastan Fibers & Monofil GmbH. The name change follows the renaming in January 2004 of the US site in Bushy Park, S.C., to Dorlastan Fibers LLC.

"The consolidation of operations at our sites, including the integration of warping and winding machinery in Dormagen, Germany, backed up by the support of DHL Worldwide Logistics, makes us the partner for our market segment," said Jorg Hellwig, managing director, Dorlastan. "At the same time, our spandex operations (Dorlastan) and our monofils business (Perlon, Atlas, Bayco) now have their own structures, enabling us to make systematic use of product strategies within the framework of Dorlastan Fibers & Monofil GmbH. "

August 2004