Successful integration of the Nagda site with LANXESS
Online PR News – 03-September-2010 – – Mumbai, 3rd September, 2010: On the successful completion of one year of operations after the acquisition of the chemical and wind-power businesses of Gwalior Chemicals, LANXESS in Nagda, Madhya Pradesh, celebrated its first anniversary today. To commemorate the occasion, an event was organized at the site, where all employees were addressed by Dr. Joerg Strassburger, Managing Director and Country Speaker, LANXESS India and Mr. Neelanjan Banerjee, Director, LANXESS India.
For LANXESS, Nagda site is not just an acquisition but a growth driver in India. By virtue of being a leading global producer of sulphur chlorides and benzyl products, Nagda complements the product offerings of LANXESS’ Basic Chemicals Business Unit. The 20-hectare Nagda site already had a very good infrastructure and offered further room for major capacity expansions to meet increased growth targets. Nagda is LANXESS’ first acquisition in India and represents LANXESS’ commitment for catering to the demands of the Indian market.
In the past year, Nagda has also earned several laurels to LANXESS. One such example is the recognition by Indian Chemical Council with the Water Resource Management Award for the innovative use of biological sewage treatment and subsequent post-treatment by Reverse Osmosis Technology to recycle domestic sewage water and harness it for industrial use.
Another feather in the cap for Nagda is the Outstanding Achievement Trophy 2009 in the ‘Manufacturing Category’ at the IMC Ramakrishna Bajaj National Quality Awards for implementation of excellent quality systems.
On this occasion, Dr. Joerg Strassburger, Managing Director and Country Speaker, LANXESS India expressed, “I congratulate the team at LANXESS Nagda for having run operations successfully and seamlessly becoming a part of team LANXESS. Over this year, the business unit Basic Chemicals has performed extremely well and I thank each one of you at Nagda to have made this possible. With your co-operation, we hope to achieve many more milestones ahead.” Mr. Neelanjan Banerjee, Director – LANXESS India added, “I too am very proud of the team at Nagda and I am hopeful that just like this year, we would together reach an even higher level of performance in the times to come.”
LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,400 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.
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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