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Lanxess to Invest €200 Million to Build Nd-PBR Plant in Singapore

2:20 AM MDT | June 1, 2011 | Deepti Ramesh

Lanxess says that it will invest €200 million ($288 million) to build a 140,000-m.t/year neodymium polybutadiene rubber (Nd-PBR) plant at the Jurong Island Chemical Park in Singapore. Lanxess said last year that it is carrying out a feasibility study to build an Nd-PBR plant in Asia. Singapore was selected due to the availability of raw materials, Lanxess says. The facility, which will be the largest of its kind in the world, is expected to start up in the first half of 2015. Lanxess’ new Nd-PBR plant will be located next to the company’s...

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