Lanxess opens new neodymium butadiene rubber plant in Singapore

Lanxess opens new neodymium butadiene rubber plant in Singapore

4:28 PM, 27th August 2015
Lanxess opens new neodymium butadiene rubber plant in Singapore
Matthias Zachert, chairman of the board of management of Lanxess AG. (File photo)

SINGAPORE: Lanxess AG said it has officially inaugurated its new neodymium butadiene rubber (Nd-BR) plant in Singapore. Located next to Lanxess’ existing butyl rubber plant on Jurong Island, the world-scale facility represents an investment of approximately €200 million. With an annual production capacity of 140,000 metric tonne, the plant will produce Nd-BR for global markets, with an emphasis on the growing Asian markets.

The Asia-Pacific region accounts for about a quarter of Lanxess’ sales and is home to key growth markets tied to megatrends involving mobility and urbanization. “Together with our adjacent butyl rubber plant, the opening of this new butadiene rubber plant reinforces the strategic role of Singapore as our hub for synthetic rubber production for the Asian markets,” said Matthias Zachert, chairman of the board of management of Lanxess AG, at the opening ceremony.

Among the attendees at the event was Lim Hng Kiang, Singapore’s minister for trade and industry. “This new investment by Lanxess, which comes shortly after its butyl rubber plant in 2013, reiterates the confidence Lanxess has in Singapore as a strategic base to chart their growth in the region,” said Damian Chan, executive director, energy and chemicals of the Singapore economic development board. “The synthetic rubber project is part of Singapore’s strategy to grow chemical chains from the higher olefins produced by our petrochemical crackers. This will enhance the value and resilience of our chemicals industry.”

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Sika opens fourth production site in Russia

BAAR, SWITZERLAND: Sika AG said it is continuing to increase its production capacity in Russia through new and expansion investments. In Volgograd, in ...

Read more
Sumitomo Chemical to set up R&D base in Brazil

TOKYO, JAPAN: Sumitomo Chemical Co Ltd said it has decided to establish its “Latin America research centre” in Brazil that will conduct ef ...

Read more
Quaker CFO resigns; joins AgroFresh Solutions as executive VP

CONSHOHOCKEN, US: Quaker Chemical Corporation said that Margaret Loebl has resigned from her position as vice president, chief financial officer (CFO) ...

Read more
Symrise appoints Olaf Klinger as new CFO

HOLZMINDEN, GERMANY: Symrise AG said its supervisory board has appointed Olaf Klinger (50) to become chief financial officer (CFO) of the company, sta ...

Read more
Hawkins, BASF sign water solutions distribution agreement

MINNEAPOLIS, US: Hawkins Inc and BASF said they signed an exclusive distribution agreement for the distribution of BASF’s Water Solutions portfo ...

Read more
DSM to cut 1,000 jobs, expects savings of €125-150 mn/year by 2017

AMSTERDAM, NETHERLANDS: Royal DSM said it is reorganising its operations to cut costs after recently folding some into joint ventures with other compa ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X