LANXESS to invest €30m in French rubber site to improve efficiency

30 May 2012 13:11  [Source: ICIS news]

LONDON (ICIS)--LANXESS will invest around €30m in its high-performance rubber production site in Port Jerome, France, by 2015 to improve the facility’s productivity and energy efficiency, the Germany-based specialty chemicals group said on Wednesday.

The plant currently has a production capacity of 140,000 tonnes/year.

LANXESS produces synthetic rubbers neodymiumpolybutadiene (Nd-PBR) and solution styrene-butadiene (SSBR) at the site, which are used primarily for the production of “green tyres”, which lead to better fuel consumption while also being less harmful to the environment.

“The production of high performance rubbers in Port Jerome plays a key role in our global strategy,” said Axel Heitmann, chairman of the board of management of LANXESS.

LANXESS said the increasing demand for “green tyres” is being driven by demand in Asia and Latin America. The group also expects increased demand in Europe as a result of the EU labelling requirement for tyres that comes into force in November 2012.

According to current forecasts, around 2bn new tyres will be produced worldwide in 2015 - an increase of around 25% from the current figure of around 1.6bn.

“Our high-performance rubbers are indispensable for meeting the new legal requirements and satisfying the customer wishes expected to arise from them,” said Heitmann.

LANXESS is also planning a new plant for Nd-PBR rubber in Singapore. The new plant, which will cost some €200m ($250m) to build, is scheduled to start production in 2015.

($1 = €0.80)

By: Franco Capaldo
+44 (0)20 8652 3214

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