LANXESS expands cresol capacity in Germany
Specialty chemicals company invested Euro 20 million to expand production capacity for high-grade intermediate by 20%
BS B2B Bureau B2B Connect | Leverkusen, Germany
LANXESS' cresol production plant in Leverkusen
Werner Breuers, member of the Board of Management of LANXESS AG, said, “This plant expansion is another clear statement by LANXESS highlighting the company's commitment to Germany and North Rhine-Westphalia as an industrial location. We expect sustainable market growth with cresols and have aligned our long-term planning to this.”
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The expansion of the cresol plant is part of LANXESS Advanced Industrial Intermediates business unit's long-term asset strategy. “To be able to expand our global market position in the future, it will be necessary to continue increasing our productivity. That is why we are planning to increase the capacities of other high-quality intermediates to keep pace with the growth of our customers and meet their demand for reliable delivery even more effectively,” said Fink.
In the first expansion step completed in 2010, LANXESS invested around Euro 35 million in the aromatics network, increasing capacities by up to 60%.
The LANXESS aromatics network, to which the cresol plant in Leverkusen belongs, consists of a total of seven large-scale plants – mostly in Leverkusen – with further finishing stages in Krefeld-Uerdingen, Dormagen and Brunsbuttel, Germany. The starting basis for the aromatics network comprises the petrochemical raw materials benzene and toluene, which are further processed through a variety of chemical reaction steps into a diversity of high-quality intermediates. These products – more than 50 of them in total – play a major role in all areas of everyday life. They are used worldwide as key starting materials for active ingredients in crop protection products and pharmaceuticals, perfumes and flavourings, as well as for polymers, paper chemicals, surface coatings and pigments.
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First Published: Nov 15 2013 | 4:16 PM IST