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

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Dharmendra Shah
Ozone PB Spintex Limited

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

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Urs Stalder
Sanitized AG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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