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Lanxess to invest EUR20 mln in aromatics network

February 17/2012

(process-worldwide) -- Lanxess is expanding cresol production at its Leverkusen site once again. The specialty chemicals company plans to further increase capacity for this high-quality intermediate for the global market by some 20 percent by mid 2013.

This investment of around EUR20 million in extending this facility is another clear statement by Lanxess highlighting the companys commitment to Germany and North Rhine-Westphalia as an industrial location, said Werner Breuers, member of the board of management of Lanxess. We expect sustainable market growth with cresols and have aligned our long-term planning to this. Among other applications, cresols are widely used in the manufacture of vitamin E, resins and flame retardants and in the agrochemicals sector.

 

mrcplast.com

Author:Anna Larionova
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Category:General News
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