Commodity Online
AHMEDABAD: Lanxess India Pvt Ltd will relocate their rubber chemicals plant in Thane, Maharashtra to Jhagadia here and invest EUR 50 mn in the new site. The investment will create  225 jobs.

Lanxess has signed an MoU with Gujarat Government at the ongoing 4th Global Investors’ Mega Exhibition being held here from January 11-17.

The MOU is part of the approval process for the new site, which was originally announced at the start of 2008.

The production activities in Thane will be phased out gradually and will restart in Jhagadia along with the ion exchange resin plant in 2010. The rubber chemicals plant will supply the rapidly growing Indian and export tyre market and makes LANXESS the only western company to have such operations in India.

The new site will include an ion exchange resin plant, which will supply products for the generation of ultra-pure water for the semiconductor and pharmaceutical industries and for industrial water treatment.

"It is a matter of pride that India has been chosen as the location for this important project, which will serve as a springboard for further investments in India. This represents our commitment to one of the fastest growing and most futuristic areas of industrial chemistry. The aim of this move is to generate profitable growth and further strengthen our leading position within the global market," said Dr. Joerg Strassburger, Managing Director and Country Representative, LANXESS India Private Limited
“Gujarat in western India is one of the favored destinations for chemical companies in the country due to tremendous support from the government in developing the industry. In addition, the Jhagadia Chemical Park was selected because it has an excellent industrial infrastructure in place,” Strassburger added. (Source: IndiaPRWire)

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook