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People & Business :: Companies
Lanxess to Boost Caprolactam Capacity; Details Further Growth Plans
10:14 AM MDT | September 17, 2008 | Nancy Seewald
Lanxess says it will invest about €35 million ($49.4 million) to boost caprolactam capacity by 10%, to 220,000 m.t./year by 2010, at its Antwerp facility. The investment will also include a 25% increase in capacity of KA-oil, a mixture of cyclohexanone and cyclohexanol that is a precursor to caprolactam production. Lanxess has also confirmed its previous guidance of €700 million for full-year 2008 Ebitda, and says that the third quarter is “going well, despite the increasingly difficult market environment.” Lanxess made the announcements at...
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