2012-02-01

LANXESS expands Jhagadia site to serve booming Indian market

  • Start-up of three new production plants
  • EUR 70 million total investment in site

Leverkusen/Jhagadia/Shanghai, February 1, 2012  – LANXESS is continuing to expand its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group inaugurates 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. 
 
The company’s Semi-Crystalline Products business unit has recently started production at the site’s new plant for high-tech plastics used by the automotive industry, including leading car manufacturers Tata Motors, Volkswagen and Ford. 
 
Furthermore, the Material Protection Products business unit inaugurated a plant for biocides used in the construction industry. LANXESS subsidiary Rhein Chemie also started up a plant for release agents and additives used in the manufacturing of tires and rubber products. Both plants were relocated from a former site in Madurai, Tamil Nadu state, during the course of last year.

 
The site already includes a facility for ion exchange resins, used in water purification, and a rubber chemicals plant serving the tire and rubber processing industries. Both started up production in 2010.

  
The Indian economy is expected to grow by eight percent this year, driven by strong demand for premium products for the automotive, tire and construction industries, and the automotive industry is expected to grow by 9.5 percent this year. 
 
LANXESS is tapping into India’s growth with its flagship brands for high-tech plastics Durethan (polyamide) and Pocan (polybutylene terephthalate), which represent a lighter-weight plastic alternative to metals. In addition, they enable carmakers and car parts suppliers to realize considerable savings by providing less costly production methods and easier assembly. LANXESS will be showcasing its high-tech plastic products and innovative technologies at a 300-square-meter-booth at the Plastindia Exhibition from February 1 to 6.

 

LANXESS not only expanded its Jhagadia site this month, but also opened its new head offices in Thane, Maharashtra state. LANXESS currently employs roughly 860 people in India and achieved sales of EUR 184 million in the first nine months of 2011.

 

LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 16,100 employees in 30 countries. The company is at present represented at 47 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:

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Contact

Charlene Pan

Charlene Pan
Corporate Communications

LANXESS Chemical (China) Company Limited

6F, 5 Corporate Avenue

150 Hu Bin Road, Huangpu District

200021 Shanghai

China, CN

Phone: +86 21 6109 6716

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