Lanxess Continues to Invest in Germany
New Production Plant for High-Performance Plastics
Specialty chemicals company Lanxess is continuing to invest in its global production network for high-performance plastics and is building another compounding facility at its Krefeld-Uerdingen site, Germany, for a mid double-digit million euro amount. In addition, a warehouse and a silo facility will be built.
Starting in the second half of 2019, Lanxess will produce Durethan and Pocan engineering plastics, which are used primarily in the automotive as well as the electrical and electronics industry. Construction will begin in the fourth quarter of 2018 and the investment will create around 20 new jobs at the Krefeld-Uerdingen site.
The new plant will be designed so that Lanxess can expand its operations in the coming years, in line with demand. Specialty chemicals company already operates in Krefeld-Uerdingen a polymerization and compounding plant for high-performance plastics there. It was only in March 2018 that the company put a new line for the production of specialty compounds into operation there.
Expansion for High-Performance Plastics in Full Swing
"The high-performance plastics business is a central pillar of our growth strategy. By expanding capacity, we are further strengthening our position as a provider of innovative product solutions for modern mobility. At the same time, we are making even better use of the potential of our integrated value chain for these products," said Hubert Fink, Member of the Lanxess Board of Management. "The investment also shows that we are strongly committed to North Rhine-Westphalia as a business location."
Lanxess is highly backward integrated in the value chain of high-performance plastics. The company produces the precursors for its engineering plastics, like glass fibers for the PA and PBT compounds and the polyamide 6 monomer caprolactam, all in its own plants.
In recent years, Lanxess has continuously expanded its compounding capacities so that the company can process most of the intermediates it produces into high-performance plastics itself in its global plant network. The specialty chemicals company is currently also building a new compounding plant in Changzhou, China, which is scheduled to come on stream in the second quarter of 2019.
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