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

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Urmil Arya

Sushila International, a well established textile organisation established ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Mike Hoffman
Gildan Activewear SRL

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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