2011-04-13

LANXESS expands capacities for Therban

Specialty chemicals company LANXESS is expanding its production capacities for Hydrogenated Nitrile Butadiene Rubber (HNBR) at its facilities in Leverkusen, Germany, and Orange, Texas, U.S., by 40 percent. This synthetic high-performance rubber is marketed under the brand name Therban. LANXESS will invest a low single-digit million euro amount in the expansion.
 
“We are responding to the significant increase in global demand for this high-performance rubber and are rigorously continuing our growth strategy,” said Günther Weymans, head of the Technical Rubber Products (TRP) business unit at LANXESS.
 
Expansion work on the German and U.S. production facilities has already begun. The expansion in Leverkusen is scheduled for completion in April 2012, while the Orange facilities will be ready by December 2012. The measures will create 15 new jobs.
 
The HNBR rubber market is currently growing globally at a double-digit annual rate. This is due in particular to a strong global demand from automotive manufacturers, especially in China and India.
 
Therban is a high-performance rubber developed by LANXESS specifically for demanding applications. The elastomer is characterized by good resistance to high temperatures and in contact with fuels, oil and ozone. Therban is used, for example, in the automotive industry for the manufacture of v-belts and toothed belts and for the stator/rotor systems of drill heads in the oil extraction industry.
 
The Technical Rubber Products business unit is part of the Performance Polymers segment, which generated sales in 2010 of EUR 3.78 billion.
 
 
LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently about 14,850 employees in 24 countries. The company is at present represented at 45 production sites worldwide. The core business of LANXESS is the development, manu¬facturing and marketing of plastics, rubber, intermediates and specialty chemicals.

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:

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

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