PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Inwis Co., Ltd

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 Projects Significant New Investment in Rubber Business - With costs of a magnitude of roughly EUR 400 million, the new production facility would be the largest investment in the company’s history / Locations under consideration include sites in Singapore, Malaysia and Thailand
LANXESS Projects Significant New Investment in Rubber Business

 

NewswireToday - /newswire/ - Bangkok, Thailand, 2007/06/27 - With costs of a magnitude of roughly EUR 400 million, the new production facility would be the largest investment in the company’s history / Locations under consideration include sites in Singapore, Malaysia and Thailand.

   
 
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!


 

Chemical group LANXESS seeks to expand its global position in the butyl rubber market and is pursuing plans to build a new facility in Asia. “This would be the largest investment in the history of our company,” said LANXESS Management Board Chairman Axel C. Heitmann during a visit to Singapore. „In the next few months we will hold talks with possible host locations to determine the feasibility of the construction of a new plant. Should we decide upon a location, we will be able to bring the facility on stream in 2010.” LANXESS projects an investment of a magnitude of EUR 400 million. Negotiations at three possible sites, Singapore, Kuantan in Malaysia and Map Ta Phut in Thailand, will begin immediately. In the last several months, LANXESS has analyzed sites across Asia to assess their feasibility.

LANXESS is focused on satisfying the growing demand for butyl rubber in Asia. Tire production will continue to be the main use of butyl. LANXESS’s potential investment is designed to serve tire production which is increasingly shifting from the US and Western Europe to Asia. Additionally, the capacities of local Asian manufacturers are rapidly increasing.

LANXESS intends to increase sales in Asia in the future through continued cooperation with global customers and pursuing growth with local partners. Following the completion of the expansion of the Zwijndrecht site in Belgium and the expansion in butyl rubber capacity currently being executed at LANXESS’s site in Sarnia, Canada, the commissioning of a new facility in Asia could be another milestone on the road to further profitable growth.

The Butyl Rubber Business Unit belongs to the Performance Rubber segment, which achieved total sales in 2006 of EUR 1,776 million.

LANXESS (lanxess.com) is one of the leading European chemicals suppliers, with 2006 sales of EUR 6.94 billion and more than 16,000 employees in 18 countries. The company is represented at around 50 sites worldwide. The core business of LANXESS is the development, manufacture and sale of chemicals, rubber and plastics.

 
 
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!


 

Written by / Agency / Source: Inwis Co., Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

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


LANXESS Projects Significant New Investment in Rubber Business

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 Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Wiphada Panarom - InwisThailand.com 
+66(2) 2191945 info[.]inwisthailand.com
 
Newswire Today - PRZOOM / PRTODAY 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 Inwis Co., Ltd 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 Articles From Inwis Co., Ltd / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

Raritan Signs SYNNEX Corporation as Distributor of Data Center Product Portfolio
PPG Expert to Present on Sprayable Transparent Functional Coatings At 2017 Smart Coatings Symposium
BASF Presents its Updated Polyurethane Portfolio At SIMAC 2017 in Milan
Outokumpu Prodec High Machinability Bar to be Supplied by IMS in the Benelux
Fraunhofer TechBridge Launches SunRISE Challenge II in Partnership with DSM and Greentown Labs, Seeking Innovations in Solar Energy
Hexagon Manufacturing Intelligence Introduces New Laser Scanning Technology for Portable Measuring Arm Systems
ADVA Optical Networking Launches Hypervisor for Optical Network Virtualization
Master Builders Solutions® At BetonTage Trade Show in Neu-Ulm
BASF and the European Space Agency to Develop Digital Services for Farmers
Rockwell Automation Releases FactoryTalk View V9.0 Software to Improve Insight into Plant Processes
BASF Acquires Rolic AG - A Specialist in Light Management for Advanced LCD/OLED Displays
Energy-efficient, IIoT-supported, Electro-hydraulic Products Unlock New Opportunities for Manufacturers Finds Frost & Sullivan
GE Introduces its New SeaLyte* Vessel Control and Dynamic Positioning Systems
ITT's Cannon Brand Introduces High-Performance ARINC 801 Fiber Optic Connector Series
BASF Strengthens Collaboration with Grolman in Europe

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | 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 entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)