Lanxess will built a new rubber facility

Lanxess has brought forward its plans to build a new butyl rubber facility in Singapore. The production is expected to start in the first quarter of 2013. The 100,000 tons per annum plant on Jurong Island will require an investment of up to 400 million euro. The plant will help serve the rising demand for tires that is being driven by the trend towards greater mobility, in particular among the growing middle-class in countries such as China and India. In addition, the distinct properties of butyl rubber make it an important product of choice for the pharmaceutical industry, in particular in Asia. Moreover, during 2010, in order to better serve the rising demand in Asia, the company will relocate the global headquarters of its butyl rubber business unit to Singapore from Fribourg (Switzerland).