Lanxess opens NBR plant in China

qiangzi

Thursday, May 24, 2012
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6 `4 P" |( E2 I, L* K: A" ~Nantong, China/Leverkusen, Germany - Lanxess has started up a nitrile butadiene rubber (NBR) plant in Nantong, China, as part of its 50:50 joint venture with Taiwan’s TSRC. The two companies have jointly invested $50 million (approximately EUR 39 million) in the new plant, which has an initial annual capacity of 30,000 metric tons. Some 100 new jobs have been created through the investment. “The new plant is the most modern of its kind in Asia and will address the needs of the two leading megatrends in China – rapid urbanization and growing mobility,” said Axel C. Heitmann, chairman of the board of management at Lanxess. The two partners set up a joint venture in May 2010 called Lanxess-TSRC (Nantong) Chemical Industrial Company Ltd., and supplied Chinese customers with NBR produced at Lanxess’ La Wantzenau site in France until the start-up of the Nantong plant. The new plant is built on an area of around 40,000 square meters and is located in the Nantong Economic and Technological Development Zone in Jiangsu Province, northwest of Shanghai.