Maastricht, Netherlands – Arlanxeo Holding BV officially opened its new headquarters in Maastricht on 22 June.
The firm launched in April as a 50/50 joint venture between Lanxess AG and Saudi Aramco for synthetic rubber. Arlanxeo said it will control all of the firm’s global operations from Maastricht.
“In Maastricht we have found the perfect international location that is also in the immediate vicinity of our company’s key European production sites,” Arlanxeo CEO Jan Paul de Vries said during the opening ceremony.
The firm’s full management team is drawn evenly from both Lanxess and Saudi Aramco.
Like de Vries, Jorge Nogueria moved from Lanxess to be part of the executive board while Saudi Aramco provided Ali Ba-Baidhan as chief financial officer and Fayez Alsharef as chief procurement officer.
Arlanxeo reported sales of about €3.9 billion in 2015. It consists of 3,800 employees and 20 production sites in nine countries.