ENGINEERINGNET.EU -- Lanxess plans to invest roughly EUR 200 million in a 140,000 metric tons per annum facility in Jurong Island Chemical Park.
The facility will be the largest of its kind in the world and serve the growing market for “Green Tires”, especially in Asia. About 100 jobs will be created. The plant is expected to start up in the first half of 2015.
Engineering work has advanced considerably since June 2011, when the company announced it had selected Singapore as the site for the new plant.
"I am delighted to announce that it is now full steam ahead for the second largest investment project in our company’s history,” said Chairman of the Board of Management, Axel C. Heitmann, at an event in Singapore to sign contracts with key suppliers.
Nd-PBR is used in the treads and sidewalls of 'Green Tires'. It helps reduce the rolling resistance and increase the fuel efficiency of a tire.
Nd-PBR is highly resistant to abrasion and plays a significant role in making tires more durable and safer.
(picture: Lanxess)
BACKGROUNDER
Lanxess is a specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 16,100 employees in 30 countries. The company is at present represented at 47 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
