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Lanxess Invests in Basic Chemicals Unit
Posted: January 18, 2011
Lanxess (Leverkusen, Germany) is investing approximately €40 million in two projects for its basic chemicals business unit, helping to strengthen its Krefeld-Uderdingen site. The projects include a formalin production plant, which will assist in making trimethylolpropane, and an expansion of its menthol production, a response to strong global menthol demand and in which Lanxess is working with contracted partner Symrise.
“Our construction of a new formalin plant and expansion of menthol production is a positive development for the future of this site and the entire region,” said Lanxess AG board of management member Werner Breuers at the groundbreaking ceremony for the new formalin plant in Krefeld-Uerdingen. “Lanxess has strong roots in North Rhine-Westphalia, and this will remain the case. The investments we are making here, at our second largest site worldwide, will play a key role in enabling us to continue producing competitive premium products for all the world markets.” The new formalin plant is due to start up at the end of 2011.