LANXESS on expansion course in India

Groundbreaking for high-tech plastics facilities

18-Jan-2011 - India

Lanxess is continuing the expansion of its Indian production site in Jhagadia, Gujarat state. The specialty chemicals group broke ground for new compounding facilities with an initial capacity of 20,000 metric tons per year. These facilities will start producing the high-tech plastics Durethan (polyamide) and Pocan (polybutylene terephthalate) at the beginning of 2012. The investment of more than EUR 10 million will create 60 new jobs.

LANXESS

The LANXESS production site Jhagadia in India

“Jhagadia provides the perfect platform to strengthen our position as a premium supplier to our customers not only in the rapidly-growing local market but also in the Asia-Pacific region,” said Rainier van Roessel, LANXESS Board Member at the groundbreaking ceremony.

India is on course to become the third largest consumer market for high-tech plastics after the United States and China, driven by the automotive industry that is set to grow by more than six percent per year. Global automakers, as well as their suppliers, are already active in India or are investing in new plants in the subcontinent. It is above all the growing middle-class in India that is driving the trend towards greater mobility.

Other news from the department manufacturing

Most read news

More news from our other portals

Discover the latest developments in battery technology!