Lanxess AG (Cologne, Germany: www.lanxess.com) continues to target growth. During the next three years, its business unit Advanced Industrial Intermediates will be investing some €100 million in expanding production facilities for chemical intermediates. Around €40 million each will be invested in the Leverkusen and Krefeld-Uerdingen sites in the federal state of North Rhine-Westphalia. The rest will be used to expand the facilities in Brunsbüttel (federal state of Schleswig-Holstein), and Antwerp (Belgium). The expansion project is scheduled for completion by 2020.
“Organic growth is a key success factor as new Lanxess heads forward. This investment program accompanies the dynamic development of our customers and their sectors. A high proportion of the planned new capacities is already backed by customers’ orders. At the same time, we are also strengthening our sites, particularly in North Rhine-Westphalia,” says Hubert Fink, member of the Board of Management of Lanxess AG.
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