Business Chief Europe Magazine June 2019 | Page 83

LANXESS
than 4,000 people in the Cologne area and has posted growth revenue exceeding $ 1.6bn as well as profits of more than $ 136mn . Maximising the transportation and logistical advantages of being located in Cologne , Deutz AG manufactures and exports diesel engines and components for the agricultural sector , as well as automobiles and construction equipment among others . In recent years , the outfit acquired Torqeedo in an effort to develop next-generation electric and hybrid marine drives .
LANXESS
Founded as recently as 2004 , Lanxess employs upwards of 19,000 people in the greater Cologne area . The corporation has emerged as a specialty chemical leader in rubbers and plastics among other products . The chemical sector outfit posted revenue exceeding $ 11.5bn and earned profits topping $ 180mn . In 2016 , CEO Matthias Zachert increased its focus to developing lubricant and fire-retardant additives . The chemical industry continues to enjoy determined growth in Cologne .
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