LANXESS to break ground in Singapore for world’s largest Nd-PBR plant in September
LANXESS will break ground for its new neodymium polybutadiene rubber (Nd-PBR) plant in Singapore on September 11 this year. The German specialty chemicals company plans to invest roughly EUR 200 million (about SGD 340 million) in a 140,000 metric tons per annum facility in Jurong Island Chemical Park.
LANXESS expands Jhagadia site to serve booming Indian market
LANXESS is continuing to expand its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group is underlining its commitment to the subcontinent by inaugurating three new plants this month to serve the growing India market. LANXESS has invested over EUR 70 million and created roughly 300 new jobs at the site.
LANXESS to build plant in Lipezk in Russia
The German specialty chemicals group LANXESS is focusing on the megatrend of mobility on the Russian market too. At its new site in Lipezk, LANXESS subsidiary Rhein Chemie will produce rubber additives and release agents for the Russian and CIS markets, especially for the automotive and tire industries. Construction of the new production plant is due to start in early 2012, with the launch of production scheduled for the first half of 2013.
LANXESS strengthens commitment to Brazilian automotive sector
LANXESS is strengthening its commitment to Brazil with three major new investments totaling roughly EUR 30 million, or R$ 75 million, which will create more than 100 jobs. The investments will support the growing trend toward green mobility in the Latin American country. LANXESS’ high-tech materials will offer innovative solutions to the growing local automotive market.
Green Tires Expected to Obtain up to 80% of Japanese Tire Market Share by 2020
LANXESS announced the results of a study titled “Tire Labeling and Green Tires: National Law, Infrastructure and Market in Japan, South Korea and China.” Commissioned by LANXESS as part of its commitment to promote independent research, the study was conducted by Prof. Horst Wildemann of the Technical University of Munich.
LANXESS on track for record year
LANXESS achieved a record third quarter in 2011 due to ongoing strong demand especially for its synthetic rubbers and high-tech plastics. The German specialty chemicals company also reiterated its full-year outlook for EBITDA pre exceptionals to grow about 20 percent year-on-year and thus exceed the EUR one billion mark for the first time in the company’s history.
LANXESS strengthens global phthalate-free plasticizer portfolio
LANXESS is strengthening its global asset base and product portfolio for premium, environmentally-friendly phthalate-free plasticizers. The specialty chemicals company has agreed to acquire UNITEX Chemical Corporation located in Greensboro, North Carolina. Financial details were not disclosed. The transaction also represents LANXESS’ first acquisition of a manufacturing site in the United States.
LANXESS to produce first bio-based EPDM rubber in the world
LANXESS is strengthening its commitment to produce premium synthetic rubbers from bio-based raw materials. The German specialty chemicals company aims to commercially produce ethylene-propylene-diene monomer (EPDM) from bio-based ethylene by the end of the year. It will be the first form of bio-based EPDM rubber in the world.