IHS Chemical Week

People & Business :: Companies

Singapore to Play ‘Critical Role’ in Growth of Lanxess

4:25 PM MST | March 3, 2008 | Kate Phillips in Singapore

Singapore will become the hub of Lanxess’s operations throughout southeast Asia, following the company’s previously reported €400-million ($593 million) project to build a butyl rubber manufacturing plant at Jurong Island, Singapore, says chairman Axel C. Heitmann (CW, Feb. 11/18, p. 5). The company “has long recognized that Singapore can, and should, play a critical role in the growth of Lanxess,” Heitmann said at a press conference in Singapore last week. The company has “a strategy that embraces organic and inorganic growth...

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