20 September 2010 10:43 [Source: ICIS news]
SINGAPORE (ICIS)--LANXESS held a groundbreaking ceremony in Nantong last week for the building of its new 30,000 tonne/year nitrile rubber (NBR) joint venture (JV) plant in northwestern Shanghai , the German specialty chemicals producer said on Monday.
The $50m (€39m) plant, which would have an initial capacity of 30,000 tonnes/year, was scheduled to start production in the first half of 2012, the company said.
The plant is a 50-50 JV between LANXESS and Taiwanese synthetic rubber producer TSRC, it said.
"We are responding to the growing demand for NBR in ?xml:namespace>
“NBR is essential for the production of automobiles, as well as the construction, footwear, cable and plastics industries. In
NBR is used in a wide range of applications such as seals, hoses for hydraulics and pneumatics, rubber gloves and elastic threads.
($1 = €0.77)
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