LANXESS India signs Memorandum of Understanding with Institute of Chemical Technology (ICT), Mumbai

LANXESS India entered into collaboration with Institute of Chemical Technology (ICT)

Online PR News – 19-May-2010 – – Mumbai, May 17, 2010: LANXESS India, the specialty chemicals company, has entered into collaboration with Institute of Chemical Technology (ICT), Mumbai for industrial research and scientific projects, whereby both the parties signed a Memorandum of Understanding at a function in the city on 15th May 2010. The MoU was signed at the Technology Day Celebrations of ICT in presence of Honorable Union Minister for Science and Technology, Shri Prithviraj Chavan.

The subjects, around which LANXESS projects could be undertaken by ICT, would include process improvement of existing production lines, process development of new products, equipment design, and development of catalysts.

On this occasion, Dr. Joerg Strassburger, Managing Director and Country Representative, LANXESS India said, “We at LANXESS, are very excited to collaborate with a renowned Institute like ICT in the space of chemical technology. This is a first of its kind collaboration for us at LANXESS India and we are convinced that this association will be beneficial for both parties.”

Professor G. D. Yadav, Director of ICT Mumbai corroborated, “We at ITC are glad to be working with the globally renowned specialty chemicals company Lanxess. We are convinced that we will substantially contribute to the further growth and success of Lanxess in India“.

Neelanjan Banerjee, Director, Lanxess India added, “We are looking forward to a long lasting and fruitful partnership with ICT “.

About ICT
Institute of Chemical technology, Mumbai (Deemed University), erstwhile known as UDCT, is one of the leading institutions worldwide in the space of Chemical Science and Technology. It was founded on 4th August 1934 and was renamed ICT and received the Deemed University status on 12th September 2008. Built-up over an area of 33000 square meters, it enjoys a unique and prominent place amongst the premier institutes that are engaged in education, training and research in the field of Chemical Engineering, Chemical Technology and Pharmacy in India. There are 11 Departments in MUICT, which include Chemical Engineering, Six branches of Chemical Technology: Intermediates & Dyes, Food & Fermentation, Oils Surfactants & Oleochemicals, Paints & Polymer, Pharmaceutical Technology & Pharmacy, Fibres & Textile Processing.

LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,300 employees in 23 countries. The company is represented at 42 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

Forward-Looking Statements.
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.

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