LANXESS and Saudi Aramco have announced ARLANXEO, the name of their new joint venture for synthetic rubber which will be launched on April 1, 2016. The name and logo combine elements from the names and logos of both partners. The descriptor “Performance Elastomers” highlights the company’s product range.
On September 22, 2015, LANXESS and Saudi Aramco signed an agreement to create a 50:50 joint venture for the development, production, marketing, sale, and distribution of synthetic rubber used in the global tire industry, auto-parts manufacturing, and a wide range of other applications.
ARLANXEO will be headquartered in the Netherlands. The partners will soon appoint the management team: Each partner will have equal representation on the boards overseeing the company. The CEO will be appointed by LANXESS and the CFO by Saudi Aramco.