Home / Knowledge / News / Textiles / LANXESS to launch efficiency program in Sarnia
LANXESS to launch efficiency program in Sarnia
02
Feb '08
In view of constantly rising energy and raw material costs, specialty chemicals group LANXESS AG is to launch an efficiency program for its Canadian site in Sarnia.

The prime aim of this is to further streamline the service areas for butyl rubber production and to shut down the NBR plant. Some 270 positions will be lost in the process.

Around one third of the jobs to be cut will result from the closure of a plant for the production of technical rubber (NBR). NBR production will be taken over by the French site of La Wantzenau.

According to provisional calculations, the savings that will be reflected in earnings from 2009 will amount to a mid single-digit million figure. Already in 2008 it is expected that one-time costs of up to EUR 20 million will be realized.

"Because of the constantly rising energy and raw material costs in Canada, there is no alternative to this efficiency program," said Werner Breuers, a member of the LANXESS Board of Management.

“As is customary at LANXESS, we will work with the employee representatives to try to find acceptable solutions for the employees affected."

To improve Sarnia's competitive position, LANXESS began work in 2006 on expanding its butyl rubber production. The second expansion stage is currently under way.

Until 2010 LANXESS plans to increase its total worldwide butyl rubber capacity to 280,000 metric tons per year. LANXESS has so far invested around EUR 75 million in its worldwide butyl rubber production.

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search