Recently, Germany's LANXESS Group's Semi-Crystalline Business Unit has put into operation a high-tech plastics production facility at the Jihajiadiyah Base in Gujarat, India. The products are mainly used in the automotive industry. Customers include Volkswagen, Ford and Tata Motors and other global leaders. Automobile manufacturers.
It is reported that in order to meet the growing demand in the Indian market, LANXESS Group will invest 70 million euros (about 92.21 million US dollars) to build three new factories in the production base of Jhagadia, Gujarat, India. In addition, a new plant for the production of fungicides for the construction industry has been completed by the Material Protection Products Business Unit. LANXESS's subsidiary, Rhein Chemie, has also launched its special release agent and additive production plant for tires and rubber products. Both of these plants were relocated from the site of Madurai in Tamil Nadu last year.
The LANXESS Group's Jihajiadiya production base already has a factory that produces ion-exchange resins and a rubber chemical plant. Ion-exchange resins are mainly used for water purification. Rubber and chemical plants are mainly used in the tire and rubber manufacturing industries.
About LANXESS:
In July 2004, LANXESS Group was formed from the integration of Bayer's chemical business unit and a part of the polymer business. The name of the company is a combination of French “start†and English “successâ€, which is divided into high-performance rubber and engineering plastics. , chemical intermediates and functional chemicals and other four business groups. In January 2005, LANXESS was listed on the Frankfurt stock exchange and officially became an independent company. In the year of January 2006, LANXESS' share price increased by approximately 70%, becoming one of the best performing stocks in Europe in 2005.
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