LANXESS to expand Leverkusen aromatics capacity

27 October 2008 10:10  [Source: ICIS news]

LONDON (ICIS news)--LANXESS will invest €35m ($44m) to expand production capacity at its aromatics network in Leverkusen, Germany, by up to 60%, the specialty chemicals company said on Monday.

 

“The ongoing expansion of the aromatics network through the single biggest investment that the basic chemicals business unit has ever made is a clear expression of faith in the Leverkusen site,” said board member Werner Breuers.

 

The site’s aromatics network comprises a large number of products which are primarily used in agrochemicals, polymers, surface coatings and pigments.

 

LANXESS said the expansion would be complete by the beginning of 2010 with the first increase in production for products such as cresols, Vulkanox BHT, Vulkan BKF and chlorobenzene due in the third quarter of 2009.

 

“The markets of these chemicals are in a strong period of consolidation and LANXESS is helping to shape this process actively,” said Breurs.

 

“We are still able to make this investment despite a possible weakening of the economy, as the greater part of the capacity increase is already covered by supply contracts,” he said.

 

($1 = €0.80)

 

For more on LANXESS visit ICIS company intelligence

To discuss issues facing the chemical industry go to ICIS connect

By: Graeme Paterson
+44 20 8652 3214

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly