ERJ staff report (DS)
Nantong, China -- Lanxess-TSRC (Nantong) Chemical Industrial Company Ltd., a 50:50 joint venture between Lanxess AG and Taiwanese company TSRC Corporation, has broken ground for the construction of a nitrile rubber (NBR) plant in Nantong, northwest of Shanghai.
The plant, with an investment of 50 million USD (approx. EUR 36 million), will occupy an area of around 40,000 square meters. It is scheduled to start production in the first half year of 2012 with an initial annual capacity of 30,000 metric tons. Chinese demand for NBR is expected to grow at double-digit rates.
GÃ¼nther Weymans, Global Head of Technical Rubber Products business unit, said, "We are responding to the growing demand for NBR in China with high-quality products. NBR is essential for the production of automobiles, as well as the construction, footwear, cable and plastics industries. In China, every one of these sectors is booming."
TSRC's CEO Wei-Hua Tu said that the the dedicated efforts from both companies will pave the way for the successful construction and operation of the state-of-the-art NBR plant.
TSRC is one of the largest synthetic rubber producers in Asia. It posted sales of USD 700 million in 2009 and currently employs 1,100 people worldwide.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from Lanxess