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LANXESS Plans New Plastics Compounding Plant in Germany

September 19, 2018
Image courtesy of LANXESS
Image courtesy of LANXESS

German specialty chemicals maker LANXESS plans to open a new plastics compounding facility at its existing site in Krefeld-Uerdingen, Germany to bolster its position in the global plastics market, the firm said in a press release Wednesday. In addition to the plant, the company will also construct a new warehouse and silo facility. 

“The high-performance plastics business is a central pillar of our growth strategy. By expanding capacity, we are further strengthening our position as a provider of innovative product solutions for modern mobility,” Hubert Fink, member of LANXESS’ board of management, said in a statement. “At the same time, we are making even better use of the potential of our integrated value chain for these products.”

LANXESS’ investment is somewhere in the “mid double-digit million euro range,” the company said. Slated to begin production after mid 2019, the new plant will produce Durethan and Pocan engineering plastics, which are used in automotive, electrical, and electronics applications. 

The company currently owns and runs a polymerization and compounding facility in Krefeld-Uerdingen. In March 2018, the site began production of a new line of specialty compounds. 

“Krefeld-Uerdingen is our central production platform for high-performance plastics, especially for European markets. The expansion will enable us to better serve the continuing high demand from this market region in the future,” Michael Zobel, leader of LANXESS’ High Performance Materials unit, said in the release. 

About 20 new jobs are expected to be generated as a result of the project.

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