LANXESS opens high-tech plastics plant in Brazil
Investment of around EUR 20 million
LANXESS inaugurated its new high-tech plastics plant in Porto Feliz, Brazil. The specialty chemicals company has invested around EUR 20 million (R$ 62 million) in the facility, which will initially have an annual capacity of 20,000 metric tons. Up to 50 highly-skilled jobs will be created.
The new plant is supporting above all the growing demand toward products for the megatrend mobility in Latin America. For example in Brazil, the fourth largest automotive market globally, a governmental program called “Inovar-Auto” has been implemented in early 2013. It offers fiscal incentives for OEMs that strengthen their production as well as their investments in research and development in Brazil and produce cars which are more energy efficient. With the new facility, LANXESS is able to meet the local demand for high-tech plastics used in the automotive sector more quickly and more efficiently.
"This major investment in a state-of-the-art compounding plant underlines our strong commitment to our customers in Brazil and Latin America, who can now count on local production, engineering and technical services as well as excellent product quality and customer service," said Werner Breuers, member of the LANXESS Board of Management.
Since 2012, LANXESS has been greatly expanding its global production network for high-tech plastics. In Antwerp, Belgium, the company is currently completing a new plant for polyamide plastics. The world-scale facility is designed for an annual capacity of 90,000 metric tons and scheduled to start operation in the third quarter of 2014.
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