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LANXESS Expands Capacities for Baypren - Specialty chemicals company LANXESS is investing EUR 17 million in the expansion of its production capacities for polychloroprene solid rubber
LANXESS Expands Capacities for Baypren

 

PRZOOM - /newswire/ - Leverkusen, Germany, 2011/05/05 - Specialty chemicals company LANXESS is investing EUR 17 million in the expansion of its production capacities for polychloroprene solid rubber. FRA: DE Frankfurt: LXS

   
 
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The expansion at the Dormagen site is scheduled for completion by the end of 2012 and will increase production by 10 percent to 63,000 metric tons per year.

LANXESS produces and markets polychloroprene solid rubber under the brand name Baypren. Uses for this product range include the production of cable sheathing, hoses, belts, seals and air springs.

The expansion work will also see the implementation of a new production technology that will enable LANXESS to operate more energy and resource efficiently and thus more ecologically.

“This innovation allows us to further strengthen our position in the market for polychloroprene solid rubber,” said Günther Weymans, head of the Technical Rubber Products (TRP) business unit at LANXESS.

The demand for this type of rubber is currently growing globally at an annual rate of roughly three percent. Availability of the elastomer has been limited in the face of this growing demand.

The Technical Rubber Products business unit, to whose product portfolio Baypren belongs, is part of the Performance Polymers segment, which generated sales of EUR 3.78 billion in 2010.

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 14,850 employees in 24 countries. The company is represented at 45 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

 
 
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LANXESS Expands Capacities for Baypren

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LANXESS |
Contact: Marc-Oliver Voigt - LANXESS.com 
+49 214 30 31872 marc-oliver.voigt[.]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.

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