Lanxess Invests €50 million in India

Lanxess says it will relocate its rubber chemicals manufacturing plant in India from Thane to Jhagadia, in the Indian state of Gujarat. Jhagadia, a site where Lanxess is already constructing an ion exchange resins manufacturing plant, will become Lanxess's largest manufacturing facility on completion of the projects in 2010. Products to be made at the new rubber chemicals plant include the age inhibitor Vulkanox. Lanxess is spending about €50 million ($74 million) on the two projects, including €38 million on the ion exchange resins unit...

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