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LANXESS Invests in its French Production Site for Tire Rubbers - Specialty chemicals group LANXESS is investing in its production site for high-performance rubber in Port Jérôme, France - LANXESS.com
LANXESS Invests in its French Production Site for Tire Rubbers

 

PRZOOM - /newswire/ - Leverkusen, Germany, 2012/05/30 - Specialty chemicals group LANXESS is investing in its production site for high-performance rubber in Port Jérôme, France - LANXESS.com. FRA: DE Frankfurt: LXS

   
 
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• EUR 30 million investment in Port Jérôme site by 2015
• Site celebrates 50th anniversary in 2012.

The Group plans to invest some EUR 30 million by 2015 to further enhance productivity and energy efficiency. LANXESS produces the high-performance rubbers neodymium-polybutadiene (Nd-PBR) and solution styrene-butadiene (SSBR) at the site. These rubber grades are used primarily for the production of “green tires”.

“The production of high performance rubbers in Port Jérôme plays a key role in our global strategy. We support global megatrends with our innovations and technologies. A particular focus here is solutions for sustainable mobility,” said Axel C. Heitmann, Chairman of the Board of Management of LANXESS AG, at a celebration of the site’s 50th anniversary.

LANXESS is the global market leader in synthetic high-performance rubber for “green tires”. With annual growth rates of around 10 percent, this is the fastest-growing segment of the global tire industry. Increasing demand for “green tires” is being driven by the megatrend of mobility, particularly in Asia and Latin America. LANXESS also expects increased demand in Europe as a result of the EU labeling requirement for tires that enters into force in November 2012. “Our high-performance rubbers are indispensable for meeting the new legal requirements and satisfying the customer wishes expected to arise from them. As the world’s largest partner to the tire industry, we have reacted promptly to this trend by making the corresponding strategic investments decisions and expanding our capacities,” added Heitmann. The plant in Port Jérôme currently has a production capacity of 140,000 metric tons per year. LANXESS is also planning a new plant for Nd-PBR rubber in Singapore. The new plant, which will cost some EUR 200 million to build, is scheduled to start production in 2015.

According to current forecasts, around 2 billion new tires will be produced worldwide in 2015. At the moment, this figure is around 1.6 billion. This represents an increase of around 25 percent for the entire tire industry.

Nd-PBR and SSBR for fuel-efficient and safe tires
Nd-PBR is used mainly in the tread and sidewalls of “green tires”. This rubber grade enables a lower rolling resistance than many other tire rubbers. It also reduces tire abrasion and therefore plays a substantial role in making cars safer and more durable. SSBR is used primarily in the tread of “green tires”. This rubber grade reduces the rolling resistance of tires while also improving wet grip. “Green tires” exhibit the best driving characteristics when they contain both SSBR and Nd-PBR.

100 million bales of rubber since 1962
The production site in Port Jérôme was established in 1962 by the tire maker Firestone. LANXESS took ownership of the site in 2004, and has since invested some EUR 30 million in the modernization of the plant. Approximately 100 million bales of rubber have been produced in Port Jérôme since the facility was opened 50 years ago.

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 8.8 billion in 2011 and currently around 16,700 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.

 
 
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LANXESS Invests in its French Production Site for Tire Rubbers

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LANXESS |
Contact: Ingo Drechsler - LANXESS.com 
+49 214 30 43790 ingo.drechsler[.]lanxess.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

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