Lanxess invests €400 million in butyl rubber plant in Singapore

Lanxess invests €400 million in butyl rubber plant in Singapore

5:35 AM, 5th June 2013
Lanxess invests €400 million in butyl rubber plant in Singapore
Axel C Heitmann, Chairman of the Board of Management, Lanxess.

LEVERKUSEN, GERMANY/SINGAPORE: Lanxess inaugurated its new butyl rubber plant on Jurong Island in Singapore on schedule. The specialty chemicals company has invested approximately €400 million in the plant, which will have a capacity of 100,000 metric tonne. The plant will create about 160 highly qualified new jobs that will mainly be filled locally. The facility is the most modern of its kind in Asia and will produce premium halobutyl rubber, as well as regular butyl rubber.

The butyl rubber facility in Singapore went into operation in the first quarter of 2013 and is being ramped up gradually. Commercial production will start in the third quarter of this year. The facility is expected to achieve full capacity in 2015.

“This is the largest investment in the company’s history, and underlines the importance of Asia as a location for our synthetic rubber business. We have clearly built this plant with the future of mobility in mind because we think and act long-term,” said Axel C Heitmann, Chairman of the Board of Management, Lanxess.

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