2012-06-05

LANXESS builds new plant for high-tech plastics in Belgium

Antwerp/Leverkusen – Specialty chemicals company LANXESS is investing EUR 75 million in the construction of a new plant for high-tech plastics in Antwerp. The world-scale facility for polyamide plastics is designed for an annual capacity of 90,000 metric tons and scheduled to begin operation in the first quarter of 2014.


“This investment is yet another milestone on our way towards profitable growth, and a clear commitment to our Antwerp site. High-tech plastics play a critical role in our global strategy. Our plans for growth depend on innovations and technologies that support the global megatrends. Activities therefore are focused on solutions for sustainable mobility,” said Axel C. Heitmann, Chairman of the Board of Management of LANXESS AG, at the groundbreaking ceremony for the new polyamide facility. Global demand for high-tech plastics is expected to rise by five to six percent each year through 2020. The automotive industry is one of the main growth drivers for LANXESS plastics.

 

The new plant for the polymerization of high-tech plastics is being built in the direct vicinity of the caprolactam facility operated by LANXESS in Antwerp. Caprolactam is the key precursor for plastics manufacturing at LANXESS. “With this new combination of facilities, we can supply our global network of compounding plants with polyamide plastics right from Antwerp in the future,” said Michael Zobel, head of the LANXESS High Performance Materials (HPM) business unit.


The High Performance Materials business unit is part of the Performance Polymers segment, which generated EUR 5.1 billion in total sales in fiscal year 2011. 

 

LANXESS is a leading specialty chemicals company with sales of EUR 8.8 billion in 2011 and currently around 16,800 employees in 30 countries. The company is at present represented at 49 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.

 

Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

 

Information for editors:

All LANXESS news releases and accompanying photo, video and audio material can be found at http://www.lanxess.cn or http://www.weibo.com/lanxess.

Information on chemical products from LANXESS can also be found in our Web Magazine at http://webmagazine.lanxess.cn.

 

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