Home / Knowledge / News / Textiles / LANXESS India signs MOU with Gujarat government
LANXESS India signs MOU with Gujarat government
16
Jan '09
LANXESS India Managing Director with CM Narendra Modi at Summit
LANXESS India Managing Director with CM Narendra Modi at Summit
LANXESS India Private Limited has signed a memorandum of understanding (MOU) with the Gujarat state government at the 4th Global Investors' Summit Mega Exhibition 2009, which is being held in Ahmedabad from January 11-17, 2009.

According to the MOU, LANXESS will invest a total of EUR 50 million in the new site in Jhagadia, Gujarat, making it the largest and most modern production site for the company in India. The investment will create about 225 new jobs. The MOU is part of the approval process for the new site, which was originally announced at the start of 2008.

The new site will include an ion exchange resin plant, which will supply products for the generation of ultra-pure water for the semiconductor and pharmaceutical industries and for industrial water treatment.

In addition, LANXESS' rubber chemicals plant will be relocated to Jhagadia from Thane, Maharashtra state. The production activities in Thane will be phased out gradually and will restart in Jhagadia along with the ion exchange resin plant in 2010. The rubber chemicals plant will supply the rapidly growing Indian and export tire market and makes LANXESS the only western company to have such operations in India.

"It is a matter of pride that India has been chosen as the location for this important project, which will serve as a springboard for further investments in India. This represents our commitment to one of the fastest growing and most futuristic areas of industrial chemistry. The aim of this move is to generate profitable growth and further strengthen our leading position within the global market," said Dr. Joerg Strassburger, Managing Director and Country Representative, LANXESS India Private Limited.

“Gujarat in western India is one of the favored destinations for chemical companies in the country due to tremendous support from the government in developing the industry. In addition, the Jhagadia Chemical Park was selected because it has an excellent industrial infrastructure in place,” Strassburger added.

LANXESS India Private Limited, the Indian subsidiary of LANXESS AG is a leading supplier of Performance Polymers, Advanced Intermediates and Performance Chemicals. Operating from its registered office in Thane in Maharashtra, the core business of LANXESS India is the development, manufacture and sale of specialty chemicals for rubber, leather, pharmaceuticals, coloring, surface coating, water treatment and crop protection.

LANXESS India Private Limited


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search