ERJ staff report (LMH)
Leverkusen, Germany -- Lanxess is investing euro 17 million in the expansion of its production capacity for polychloroprene solid rubber, the speciality chemicals company said in a 5 May statement.
The expansion at the Dormagen site is scheduled for completion by the end of 2012 and will increase production by 10 percent to 63 000 tonnes per year.
Lanxess produces and markets polychloroprene solid rubber under the brand name Baypren and uses for this product range include the production of cable sheathing, hoses, belts, seals and air springs.
The expansion work will also see the implementation of a new production technology, which the company said will enable it to operate more energy and resource efficiently and thus more ecologically.
â€œThis innovation allows us to further strengthen our position in the market for polychloroprene solid rubber,â€ said GÃ¼nther Weymans, head of the Technical Rubber Products (TRP) business unit at Lanxess.
Lanxess said in the statement that the demand for this type of rubber is currently growing globally at an annual rate of roughly three percent. And the company noted that the availability of the elastomer has been limited in the face of this growing demand.
The Technical Rubber Products business unit, to whose product portfolio Baypren belongs, is part of the Performance Polymers segment, which generated sales of euro 3.78 billion in 2010.
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Press release from Lanxess