Glass Fibers Lanxess Expands Belgian Glass Fibers Production
Lanxess announced plans to boost its Belgian glass fibers production plant in Antwerp with investments of about € 15 million.
Antwerp/Belgium; Leverkusen/Germany – Lanxess announced plans to invest € 15 million in a Belgian glass fiber plant. The facility in Antwerp's port and dockland shall face a capacity expansion to 66,000 tons/year (plus 10 percent). Glass fibers are a key intermediate for the production of high-tech plastics. With the investment the glass fiber plant will replace both furnaces. Only recently Lanxess had invested some € 35 million in its Antwerp facility, thereby increasing the production of the plastic intermediate caprolactam.
“The high-tech plastics business is a major growth driver for Lanxess. There is attractive business potential in the global market arising from the increasing demand for modern mobility as well as from the electric and electronic markets,” stated Werner Breuers, member of the Board of Management of Lanxess. The global demand for high-tech plastics is expected to increase by roughly seven percent per year through 2020.
Lanxess plans strong invests in its high-tech plastics business. About € 90 million were invested during the past 18 month for glass fibers and Semi-Crystalline Products (SCP) business units. The company currently plans and builds new compounding facilities in the United States and Asia. “The investments in our Antwerp facilities for caprolactam and now glass fibers further strengthen our competitiveness,” said Michael Zobel, head of the SCP business unit. “More than half of the caprolactam and glass fibers produced is used internally. This perfect upstream integrated value chain is a key success factor for our business. With the production of these intermediates Antwerp is really the heart of the Lanxess high-tech plastics business.