LANXESS on expansion course in India
Groundbreaking for high-tech plastics facilities
LANXESS
“Jhagadia provides the perfect platform to strengthen our position as a premium supplier to our customers not only in the rapidly-growing local market but also in the Asia-Pacific region,” said Rainier van Roessel, LANXESS Board Member at the groundbreaking ceremony.
India is on course to become the third largest consumer market for high-tech plastics after the United States and China, driven by the automotive industry that is set to grow by more than six percent per year. Global automakers, as well as their suppliers, are already active in India or are investing in new plants in the subcontinent. It is above all the growing middle-class in India that is driving the trend towards greater mobility.
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