Lanxess to invest ? 25 mn in plastics production chain expansion in Belgium

摘要

German specialty chemicals company Lanxess will invest ? 25 million in 2017 to further strengthen its integrated production complex for polyamide and precursors for plastics in Antwerp, Belgium. "Our integrated production complex in Lillo (Antwerp) is the backbone of our global business for high-techplastics. Given the trend toward lightweight construction in the automotive industry, for example, this is a major future market. Therefore, we are continuously strengthening the competitiveness of this site. In total, our company has invested more than ? 300 million in Lillo since 2004 - a sum that shows our firm commitment to this site," said Matthias Zachert, chairman of the board of management at Lanxess. The announcement was made on the occasion of the 50th anniversary of caprolactam production at the site.Caprolactam is a key precursor for the production of Lanxess' high-tech plastics, which are used in automotive and electrical & electronics industries. In recent years, Lanxess has focused on building a balanced value chain for its high-tech plasticsproduction operations, which absorbs the lion's share of the intermediates produced for captive use.