Free press releases distribution network?

Agency / Source: LANXESS

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



LANXESS on Expansion Course in India - Groundbreaking for High-Tech Plastics Facilities - LANXESS is continuing the expansion of its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group broke ground for new compounding facilities with an initial capacity of 20,000 metric tons per year
LANXESS on Expansion Course in India - Groundbreaking for High-Tech Plastics Facilities

 

PRZOOM - /newswire/ - Singapore, Singapore, 2011/01/13 - LANXESS is continuing the expansion of its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group broke ground for new compounding facilities with an initial capacity of 20,000 metric tons per year. FRA: DE Frankfurt: LXS

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Groundbreaking for high-tech plastics facilities
• Initial capacity of 20,000 metric tons per year
• Start-up at the beginning of 2012
• 60 new jobs created
• Official start of LANXESS’ Year of High-Tech Plastics
• Further investments in Jhagadia being considered.

LANXESS is continuing the expansion of its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group broke ground for new compounding facilities with an initial capacity of 20,000 metric tons per year. These facilities will start producing the high-tech plastics Durethan (polyamide) and Pocan (polybutylene terephthalate) at the beginning of 2012. The investment of more than EUR 10 million will create 60 new jobs.

“Jhagadia provides the perfect platform to strengthen our position as a premium supplier to our customers not only in the rapidly-growing local market but also in the Asia-Pacific region,” said Rainier van Roessel, LANXESS Board Member at groundbreaking ceremony.

India is on course to become the third largest consumer market for high-tech plastics after the United States and China, driven by the automotive industry that is set to grow by more than six percent per year. Global automakers, as well as their suppliers, are already active in India or are investing in new plants in the subcontinent. It is above all the growing middle-class in India that is driving the trend towards greater mobility.

The automotive industry is the largest customer for the Semi Crystalline Products (SCP) business unit, which produces Pocan and Durethan. These highly innovative products represent a lighter-weight plastic alternative to metals. In addition, Pocan and Durethan enable
carmakers and car parts suppliers to make considerable savings through cheaper production and easier assembly.

“It is more than fitting that today’s groundbreaking event marks the kick-off of LANXESS’ Year of High-Tech Plastics, “said Michael Zobel, head of the Semi-Crystalline Products business unit. “LANXESS’ high-tech plastics not only support the trend towards greater mobility but also make cars safer and reduce fuel consumption due to their outstanding properties.”

The Jhagadia site has many geographical advantages for Semi-Crystalline Products. It is located between two of India’s largest automotive hubs Pune and New Delhi, which are home to numerous plants operated by the business unit's customers. Excellent links to international ports will ensure a reliable supply of feedstock to the compounding facilities and fast delivery to customers outside India. The state of Gujarat is also one of India’s leading chemical regions and has a strong pool of highly skilled technicians and engineers.

LANXESS’ Rainier van Roessel, as well as the company’s country representative for India, Jörg Strassburger, took part at the ‘Vibrant Gujarat’ summit held in Gandhinagar from January 12-13. Van Roessel signed a memorandum of understanding with local officials for the high-tech plastics investment and signaled interest that LANXESS is considering further investments by other business units in Jhagadia.

Including the new compounding facilities, LANXESS has invested to date about EUR 60 million in the 13-hectare Jhagadia site. A new facility for ion exchange resins as well as a rubber chemicals plant both started up production in 2010. LANXESS currently employs around 230 people in Jhagadia.

The Jhagadia site will strengthen SCP’s presence in the Asia-Pacific region. The business unit is currently lifting capacities at its compounding plant in Wuxi, China, to approximately 60,000 metric tons per year by mid-2011.

LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,500 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.

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.

You can find further information concerning LANXESS chemistry in our WebMagazine at webmagazine.lanxess.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: LANXESS

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


LANXESS on Expansion Course in India - Groundbreaking for High-Tech Plastics Facilities

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
LANXESS Singapore | LANXESS India
Contact: Maggie Tan - LANXESS.com 
+6567255821 neethiya.sadagopal[.]lanxess.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From LANXESS / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

PPG Initiates Global Restructuring, Targeting $125 Million in Annual Savings
Local Manufacturing Offers Strong Growth Opportunities in the Thriving Nigeria and South Africa Cement Additives Markets Reports Frost & Sullivan
BASF Expands Automotive Refinish Coatings Manufacturing to Asia Pacific
Alstom’s South African JV Gibela Successfully Handed Over to PRASA The First X’Trapolis Mega
Neptune Lines Reduces Fuel Consumption and Emissions with Hempaguard
BASF Launches Ucrete MF40AS Industrial Flooring System on the European Market
Raritan Unveils Intelligent Cabinet Concept in Collaboration with Legrand Data Communications At Gartner Conference
Beretta Continues Global Celebration of its 490th Anniversary with Unveiling of One-of-a-Kind Shotgun in New York City
LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today