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| 2010-04-21 |
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LANXESS expands capacities for high-tech plastics in China
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LANXESS will expand capacities at its state-of-the-art compounding plant for high-tech plastics in Wuxi, China. The German specialty chemicals company will invest in a third production line at the plant, which will increase compounding capacities by nearly 50 percent and is scheduled to go on stream mid-2011. After the expansion, the plant will have a capacity of approximately 60,000 metric tons per year. “This investment will serve the growing demand from Chinese and Asian customers for premium, high-performance engineering plastics, mainly driven by the booming automotive industry,” said Axel C. Heitmann, LANXESS Chairman of the Board of Management. He added that LANXESS was considering further investments in Wuxi in the near future. The expansion was announced during Chinaplas 2010. Advert More Information: www.lanxess.com
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LANXESS AG, Leverkusen, Germany
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