Lanxess to name site of €400m butyl rubber plant

14 February 2008 08:20  [Source: ICIS news]

SINGAPORE (ICIS news)--German chemicals major Lanxess is expected to name a site for its largest investment – a €400m ($579.7m) butyl rubber project – at a media event held on 26 February in Singapore, market sources said on Thursday.

 

The company had been deciding between Singapore, Malaysia and Thailand as the site for its project but declined to pinpoint where it would be based when contacted by ICIS news.

 

Lanxess said earlier that if it was able to make a decision by the end of 2007 or early 2008, the plant could start up around 2010.

 

The company’s chairman Axel Heitmann and Ron Commander, head of its butyl rubber unit, would be at the event, its public relations firm the Hoffman Agency said.

 

($1 = €0.69)

By: Florence Tan
+65 6780 4359

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