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Sunday, 25 October 2020
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Markets & companies, Raw materials market

Capital expenditure projects in Germany

Friday, 18 May 2012

Lanxess has budgeted approximately EUR 600 million for capital expenditures in 2012.

Lanxess has budgeted approximately EUR 600 million for capital expenditures in 2012.

Source: Lanxess

Lanxess has budgeted approximately EUR 600 million for capital expenditures in 2012.

Source: Lanxess

Lanxess is going to invest some EUR 200 million in its home market of Germany, where the company employs more than 7,800 people. For example, LANXESS is investing more than EUR 20 million to double the capacity of the menthol plant of its Advanced Industrial Intermediates business unit at the Krefeld-Uerdingen site. This project is scheduled for completion in 2012. The formalin plant at the same location was inaugurated in April 2012 following an EUR 18 million capacity expansion.

At the Leverkusen site, the specialty chemicals group is investing some EUR 20 million to expand its cresol production capacity by about 20 percent. The additional capacities for this high-quality intermediate for the global market are due on stream by mid-2013. Together with U.S.-based DuPont, LANXESS is doubling the capacity

of the jointly owned compounding facility for high-tech plastics at the site in Hamm-Uentrop, Germany.

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