Record-Breaking Investment of Lanxess in China Lanxess to Build World’s Largest EPDM Plant
Lanxess is building the world’s largest plant for EPDM synthetic rubber in China. The German specialty chemicals company is investing € 235 million in the plant in Changzhou, Jiangsu Province. According to Lanxess, this is the largest investment the company has made in China to date.
Shanghai/China, Leverkusen/Germany – The plant will have a capacity of 160,000 metric tons per year and the investment will create up to 200 new jobs. The plant is expected to start up 2015. All necessary permits have been obtained from the local authorities.
Lanxess is the world’s leading supplier of EPDM (ethylene propylene diene monomer) following the successful acquisition and integration of DSM Elastomers in 2011. It markets its products under the brand name Keltan. Global demand for EPDM is expected to increase by more than four percent per annum in the coming years, while demand in China is expected to grow by around eight percent, driven above all by automotive and construction industries. China will also continue to be the largest net importer of EPDM in the coming years.
“We are strengthening our global EPDM asset base with a world-scale plant in China to serve our local customers even quicker with premium products,” said Lanxess CEO Axel C. Heitmann at today’s groundbreaking ceremony. “This plant also represents our company’s third major rubber investment in Asia and strengthens our credentials as the world’s leading provider of synthetic rubber,” added Heitmann.