LANXESS breaks ground for rubber plant in Singapore
Wednesday, May 19, 2010
Leverkusen, Germany/Singapore -- LANXESS, the world's biggest manufacturer of synthetic rubber, has broken ground for the construction of a new butyl rubber plant in Singapore. The facility on Jurong Island is designed for a capacity of 100,000 metric tons per year and will require an investment of up to EUR 400 million ($575 million). Between 10 and 15 percent of the total investment for the plant, the most modern of its kind in Asia, will go into environmental protection measures. "In terms of volume, this investment is the largest in our five-year history," said LANXESS CEO Axel C. Heitmann. "It underlines our commitment to synthetic rubber, as well as to our customers and to the future growth markets in Asia."