As it is inferred from the recent press releases, on 10 November 2006 and 30 December 2006, Lanxess has sold its Textile Processing business unit to Tanatex Chemicals, which is owned by the Dutch Investor Egeria Capital and members of the business unit management. Officially TANATEX Chemicals Hong Kong Limited will take over the TPC business South East Asia as from the 30 June 2007 from Lanxess.

Here in the Philippines contracts with Bayer Philippines will terminate on 31st October 2007 and from 1st November 2007 the new contact for Tanatex's full range of  products will be Qualitech Chemical Corp.