Lanxess to invest Rs 800cr in Gujarat

05-Dec-07

Lanxess, Germany is to invest Rs 800 crores and acquire 40 acres of land for a greenfield chemical facility in Jhagadia, Gujarat. An ion exchange resin plant is slated to come up on the 40 acres of land acquired in the Gujarat Industrial Development Corporation (GIDC) estate. The company is also exploring manufacture of NAOH and HCL gas, as well as other chemicals. Lanxess, manufacturer of performance chemicals, chemicals intermediates, engineering plastics and performance rubber has existing manufacturing facilities at Nandesari, Katol and Moxi in south and central Gujarat. Lanxess also has a research and development centre at Moxi.