LANXESS defers construction of butyl rubber facility in Singapore

Specialty chemicals group LANXESS AG has deferred the construction of its new 100,000 tpa plant butyl rubber facility in Singapore due to the continuing global economic slowdown. Production is now scheduled to start in 2014 as against previously announced 2012. LANXESS will use the time to finish developing an innovative technology for butyl rubber production that will then be used at the new facility. The plant originally planned for Singapore, would have required EUR 400 mln investment. Development of the technology, which so far has been successfully tested only on a pilot scale, will be vigorously driven forward over the next 24 months to enable the process to be used in Singapore. Independent of the project postponement, LANXESS will continue to expand its presence in Singapore. The company is currently negotiating with the Singapore Economic Development Board (EDB) with a view to managing the global business of the Butyl Rubber business unit from there in the future.
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