Speciality Plastics Lanxess Builds New Speciality Plastics Polymerization in Antwerp
Lanxess builds a new 90,000 tons/year polymerisation plant for € 75 million at its site in Antwerp/Belgium. First commercial operations are scheduled for early 2014, the German speciality chemicals company stated.
Antwerp/Belgium – “This investment is yet another milestone on our way towards profitable growth, and a clear commitment to our Antwerp site. Hightech plastics play a critical role in our global strategy. Our plans for growth depend on innovations and technologies that support the global megatrends. Activities therefore are focused on solutions for sustainable mobility,” said Axel C. Heitmann, Chairman of Lanxess' Board of Management, at the groundbreaking ceremony for the new polyamide facility.
The company expects a rising demand for speciality plastics and polymers in the near future, mainly driven by a growth of the global automotive industries: The global demand for high-tech plastics is expected to rise by five to six percent each year through 2020, Lanxess said.
Antwerp Heart of Lanxess Speciality Plastics Production
Antwerp is the heart of Lanxess' plastics production: The new plant for the polymerization of high-tech plastics is being built in the direct vicinity of an existing Lanxess caprolactam facility. Caprolactam is the key precursor for plastics manufacturing at Antwerp, company speakers stated. “With this new combination of facilities, we can supply our global network of compounding plants with polyamide plastics right from Antwerp in the future. That will make Antwerp the heart of our global business more than ever,” said Michael Zobel, head of the Lanxess High Performance Materials (HPM) business unit.
Also in France, the company invested in high–tech rubbers, investing € 30 million in a tire rubber facility at Port Jérôme, France until 2015More in announced investments of € 30 million in a tire rubber facility at Port Jérôme, France until 2015.