Rhein Chemie to produce rubber chemicals in the Nizhny Novgorod region
Monday, 17. May 2010 On May 13, 2010 LANXESS officially started work on construction of its first production facility in Russia. In the future, LANXESS subsidiary Rhein Chemie will produce rubber chemicals in Dzerzhinsk in the Nizhny Novgorod region for the markets in Russia and the CIS.
Construction starts on first LANXESS plant in Russia
On May 13, 2010 LANXESS officially started work on construction of its first production facility in Russia. In the future, LANXESS subsidiary Rhein Chemie will produce rubber chemicals in Dzerzhinsk in the Nizhny Novgorod region for the markets in Russia and the CIS.
Rubber chemicals for car and tire industries
The company will produce up to 1,500 metric tons of Rhenogran and Rhenodiv rubber additives and release agents at the new plant. These products are used primarily to manufacture car tires and technical rubber products such as hoses and seals.
“We expect to see a rise in demand from the Russian car and tire industries for quality products and we will be able to cater to their needs in the future through our new plant and high-quality, innovative product portfolio. Our rubber additives and release agents enable us to help our customers enhance the quality of their rubber products and boost their position on the global market,” explains Anno Borkowsky, Managing Director of Rhein Chemie Rheinau GmbH. “The excellent location in close proximity to our customers and the good infrastructure in the Nizhny Novgorod region were crucial in choosing the site.” Until now, Rhein Chemie has supplied Russian customers from facilities in Germany.
Important step in long-term market strategy in Russia and the CIS countries
“Russia and the CIS are key growth markets for us as part of our strategic focus on the BRIC countries. Construction of this plant is a further important step in our long-term strategy, following our official entry onto the Russian market last year,” said Rainier van Roessel, member of the LANXESS Board of Management. “We are currently seeing a gradual recovery of the rubber industry in Russia, which we want to accompany with a targeted, market-oriented investment.” LANXESS supplies the markets in Russia and the CIS countries mainly with high-performance rubber and rubber chemicals for the tire and automotive industry, color pigments for the construction industry and ion exchange resins for industrial water treatment.
The new plant in the Dzerzhinsk Industrial Park will meet LANXESS’ high international standards of safety and sustainability and will be equipped with state of-the-art production technology. The project is due to be completed at the start of 2011, with Rhein Chemie creating 50 new jobs at the site in the medium term.
Mannheim, 17. May 2010
Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.
