Yesterday, the ambassador of the Republic of Singapore to Germany, Jacky Foo Kong Seng, visited LANXESS' headquarters in Leverkusen, Germany, and held talks with Chairman of the Board of Management of LANXESS AG Axel C. Heitmann and Board member Werner Breuers.
The main subject of the meeting was the construction of LANXESS’s new high-tech rubber facility in Singapore. Starting in 2013, the Group will operate Asia’s largest facility for the manufacture of synthetic rubber – mainly for tire production – on Jurong Island. The cost of investment for the project is up to EUR 400 million.
The ambassador also found out more about the Group’s innovations and production processes and visited the LANXESS pilot plant for high-tech rubber in Leverkusen.
Asia-Pacific is a key region for LANXESS. In 2009, the company recorded sales here of some EUR 1.14 billion. LANXESS’s record investment in Singapore will create up to 200 new highly skilled jobs.
In Singapore, today, LANXESS' Global Head of Human Resources, Mr Zhengrong Liu, will speak on the panel titled "Talent Management in Asia - What works?" at the Singapore Human Capital Summit 2010. Liu was the first Chinese to be appointed as Group Senior Vice President among the top 50 German business corporations in 2004.
LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,300 employees in 23 countries. The company is represented at 42 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
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.