ERJ staff report (DS)
Mannhein, Germany -- Rubber chemicals supplier Rhein Chemie Rheinau saw a slight fall in sales for the 12 months to December 2007. Rhein Chemie attributed the decline -- to Euro 295 million from Euro 302 million -- to negative currency effects. Rhein Chemie is a wholly-owned subsidiary of the Lanxess Group.
Dr. Anno Borkowsky, CEO and president of Rhein Chemie said the company has made its entire portfolio for the rubber industry in Qingdao since 1999, and, this year, will start producing additives for the lubricants industry there as well. Dr. Borkowsky added, â€œWe laid the foundation stone for the new production building in January. We plan to start production at the end of 2008.â€
Dr. Borkowsky said the company is continuing with the restructuring of its Mannheim headquarters, "The activities involved include the construction of new production plants and the modernization of existing facilities for the manufacture of specialties and service products for the rubber industry." Rhein Chemie said building work on the new production units has already begun, with production due to be launched at the end of 2008. The company is investing Euro 7 million in the project.
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Press release from Rhein Chemie