Clocks --- million accident free man hours
Sets up state-of-the art ION Exchange Plant in Jhagadia
Expands footprints into Madhya Pradesh
Online PR News – 03-February-2010 – – Mumbai, Feb 3, 2010 – Speciality chemical group LANXESS; today, completed five successful years in India. Innovations coupled with superior technology have been the key drivers of growth for the company over the past five years. Incorporated in India in 2004 in Thane with the objective of becoming one of the leading players in the chemical industry, LANXESS today is well on its way to achieving its objective. Ranked at no. ---, the company is a major contributor to the industry. Over the years LANXESS has developed a reputation of being an innovator and environmentally friendly company.
The past five years have been extremely exciting for the team at LANXESS, with growth as a key driver the company has been expanding both, organically and inorganically.
Significant achievements of the past five years
The company has acquired Gwalior Chemical Industries Ltd. The deal is a milestone in LANXESS’ growth strategy in BRIC countries with LANXESS and BAC particularly moving toward a leadership position in the Indian chemical space. The acquisition combines LANXESS’ international expertise with Gwalior’s regional knowledge to result in enhanced synergies
LANXESS has set up a new ION Exchange Resins plant in Jhagadia (Gujarat) to be operational by November 2010. With state-of-the art infrastructure and lowered production cost, the plant is poised to give LANXESS a competitive edge globally.
At present the tyre market in India is the world’s fastest growing market; this has reinstated the company’s projection and planning that the relocation of the Thane plant and investment in new Research facilities are the way of the future and shows promise of a very positive business outlook for LANXESS India for the Rubber Chemical unit.
While LANXESS was incorporated in India on July 1st, 2004, the company has a long history in India spanning back to more than 100 years as Bayer Chemicals,
Today, the company has over 500+ employees and 4 sites; one in Thane, the other in Madhurai, another in Jhagadia and the forth and most recent in Nagda.
LANXESS is globally synonymous for its Corporate Social Responsibility activities and in India it is no different. The Company created a green zone at the Jhagadia site in Gujarat. The Green Zone underscores LANXESS’s commitment towards environmental sustainability. LANXESS also organized a “Fun Day” for Children of Bombay Teen Challenge where employees of LXS India brought joy and fun to under-privileged children of the Bombay Teen Challenge (BTC) by organizing an exciting football match for them on Friday, August 7. LXS India Continues Its Support to Child Welfare and Education Project in Mumbai in collaboration with ‘Save The Children’ with the aim to help slum children complete their pre-primary education. LXS donated Rs. 392,870/- to STCI to cover education related expenses of five pre-primary balwadis under its care in addition to water purifiers and footballs. In Tamil Nadu the company has tied up with the Aparajita foundation to sponsor Life Skill Education for children. This sponsorship will benefit three schools in Madurai, for a period of six years and enable students to learn 120 skills each apart from the school curriculum.
On this momentous occasion Dr. Joerg Strassburger, Managing Director and Country Representative of LANXESS India, commented, “One of the cornerstones of the company is the emphasis we put on nurturing talent and lasting partnerships be they with employees, customers or vendors. In the last 5 years our endeavour has been to understand India and establish ourselves as a major speciality chemical player. India plays a significant role in the LANXESS BRIC strategy. The buying of Gwalior Chemicals and expansion into Jhagadia validate our commitment to the country”.
“Now with our understanding of the country, we are ready to take LANXESS India to the next level and are looking forward to make LANXESS India a major contributor to LANXESS AG”.
LANXESS is a leading specialty chemicals company with sales of EUR 6.58 billion in 2008 and currently 14,335 employees in 23 countries. The company is represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
Information for editors:
100 years of synthetic rubber – interesting information about the anniversary and the numerous areas of application can be found at http://www.worldrubberday.com/.
Information on chemical products from LANXESS can also be found in our Web Magazine at http://webmagazine.lanxess.com/.
All LANXESS news releases and accompanying photo, video and audio material can be found on http://press.lanxess.com/.
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.