News from Notch Consulting, Inc.

May 19, 2010

LANXESS begins construction of Russian rubber chemicals facility

Filed under: Rubber Chemicals — Notch @ 3:09 pm

LANXESS announced last week that it had officially begun construction of its first production facility in Russia, a rubber chemicals plant in Dzerzhinsk in the Nizhny Novgorod region. The plant will be run by LANXESS-subsidiary Rhein Chemie and will serve markets in Russia and the CIS. The project is due to be completed at the start of 2011 and will create 50 new jobs. The company will produce up to 1,500 metric tons of Rhenogran and Rhenodiv rubber additives and release agents at the new plant. These products are used primarily to manufacture car tires and technical rubber products such as hoses and seals.

“Russia and the CIS are key growth markets for us as part of our strategic focus on the BRIC countries. Construction of this plant is a further important step in our long-term strategy, following our official entry onto the Russian market last year,” said Rainier van Roessel, member of the LANXESS Board of Management. “We are currently seeing a gradual recovery of the rubber industry in Russia, which we want to accompany with a targeted, market-oriented investment.” LANXESS supplies the markets in Russia and the CIS countries mainly with high-performance rubber and rubber chemicals for the tire and automotive industry, color pigments for the construction industry and ion exchange resins for industrial water treatment.

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