CHROMIUM SALTS MARKET ANALYSIS

Market News

• In August 2019, Brother Enterprises Holding announced to acquire LANXESS South Africa. Lanxess in South Africa is engaged in the production of chrome tanning agents used in leather tanning & processing and production of chromium salts. The acquisition would provide steady supply of raw material at low cost to Brother Enterprises Holding.
• In January 2020, German Specialty Chemicals Company Lanxess announced that it has accomplished its sale of chrome chemical business to Brother Enterprises Holdings which is a China based leather chemical manufacturer company. Lanxess in South Africa has its facilities in two locations, Newcastle and Merebank in South Africa. Under the agreement, the Lanxess would produce and supply the chrome tanning salts to Brother Enterprises until 2024.