Home / Knowledge / News / Textiles / LANXESS celebrates five years of exciting growth
LANXESS celebrates five years of exciting growth
02
Jul '09
Specialty chemicals company LANXESS India Private Ltd. celebrated its fifth anniversary, continuing a successful legacy of more than 100 years in India as Bayer Chemicals, from which it was spun off on July 1, 2004. To celebrate the day, LANXESS employees across India participated in a poster competition. Themed “Celebrating Life at LANXESS”, employees reflect on what they value about their workplace and experiences which have positively impacted them.

Dr. Joerg Strassburger Managing Director and Country Representative, LANXESS India said, “India is one of the company's most important markets in Asia and an integral part of LANXESS' BRIC strategy. We have had a successful run of achieving our targets in India and have shown our commitment to sustained growth in the country with strategic acquisitions and expansions.

Our Jhagadia site is on track for production in 2010 and our acquisition of Gwalior Chemicals has significantly improved our position in the Indian chemical industry. We will underpin this growth by being an excellent employer and a responsible corporate citizen, contributing to the sustainability of the environment and well-being of the communities.”

Operating from its registered office in Thane in Maharashtra, LANXESS India has grown from strength to strength. The acquisition of Gwalior Chemical Industries Ltd. has been the most recent significant milestone for the company. LANXESS is to acquire the chemical and wind power businesses and assets of the stock-market-listed Indian company for EUR 82.4 million, including debt. This marks LANXESS' first acquisition in India.

LANXESS India's other expansion activities are also in full swing. LANXESS, despite the ongoing economic crisis, is staying on course to start up its new Jhagadia site, Gujarat state, in 2010. With an investment of around EUR 50 million, the site will have a new ion exchange resins plant and a rubber chemicals plant which is being relocated from Thane. The plants will provide employment to 230 workers in the state of Gujarat.

From early 2010, the rubber chemicals plant is scheduled to serve the rapidly growing Indian market as well as export market. In addition, this plant will make LANXESS the only Western company active in this line of business in India. The ion exchange resins plant, on the other hand, will be the most modern of its kind in Asia. It will supply products for the generation of ultra-pure water for the semiconductor and pharmaceutical industries, for industrial water treatment, for food production and for power generation. With good infrastructure and lowered cost of production, the proposed state-of-the-art plant will give LANXESS a competitive edge globally.

Presently, LANXESS India has a manufacturing unit in Madurai. It also has sales offices in Thane, New Delhi, Kolkata and Chennai. All of LANXESS' 13 business units are represented in India. LANXESS also operates a technical and development center for rubber chemicals in Thane.

LANXESS India Private Ltd.

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

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Urs Stalder
Sanitized AG

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

Steve Cole
Xerium Technologies

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silvia Venturini Fendi
Fendi s.r.l

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

Robert Brunner
Devereux

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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