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Lanxess Selects Singapore for Butyl Rubber Project

5:58 AM MST | February 8, 2008 |

Natasha Alperowicz

Singapore has won the race to host Lanxess's previously reported €400-million ($592.8 million) butyl rubber project, local reports say. Lanxess declined to comment on the reports. Malaysia and Thailand competed for the project, Lanxess's largest single investment since its spin-off from Bayer in 2005. The butyl rubber plant will have capacity to produce about 100,000 m.t./year of halo butyl rubber and will be completed toward the end of 2010. Lanxess said earlier that the main determining factors in the final selection would be...

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