LANXESS breaks ground for world’s largest Nd-PBR plant in Singapore
EUR 200 million investment in new 140,000 metric tons per year plant
LANXESS has broken ground for its new neodymium-based performance butadiene rubber (Nd-PBR) plant in Singapore. The German specialty chemicals company is investing roughly EUR 200 million in a 140,000 metric tons per annum facility on Jurong Island. According to the company, the facility will be the largest of its kind globally and will serve the growing market for “Green Tires”, especially in Asia. About 100 jobs will be created. The plant is expected to start up in the first half of 2015.
“We are delighted to be bringing another major rubber investment to Singapore, which underlines our commitment to ‘Green Mobility’,” said LANXESS’ Chairman of the Board of Management, Axel C. Heitmann, at the groundbreaking event on Jurong Island. “It is our company’s focus on technology that makes it possible to reduce rolling resistance in tires and thus fuel consumption. This is good news for the consumer and the environment.”
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