Lanxess Selects Singapore for Butyl Rubber Plant

Singapore has won the race to host Lanxess’s previously reported €400-million ($593 million) Asian butyl rubber project, local reports say. Lanxess declined to comment on the reports. Malaysia and Thailand competed for the project, Lanxess’s largest investment since its spin-off from Bayer in 2005. The butyl rubber plant will have capacity for about 100,000 m.t./year of halo butyl rubber and be completed in late 2010. Lanxess said earlier that the determining factors in site selection would be availability of raw materials, personnel...

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