Leverkusen - The Lanxess chemicals group is to build its new ion exchange resin plant in the Indian state of Gujarat. Construction work on the EUR 30 million site at the new Jhagadia Chemical Park near Baroda is set to begin in the second quarter of 2008. Production is scheduled to start at the beginning of 2010, with 200 new employees being taken on. In terms of investment volume this is the biggest project undertaken by Lanxess s Ion Exchange Resins business unit since the end of the 1990s. This represents a commitment to one of the fastest growing and most future-proof areas of industrial chemistry. The aim of this move is to generate profitable growth and further strengthen our position on the global market, said Rainier van Roessel, the member of the Lanxess Management Board responsible. The Ion Exchange Resins business unit belongs to the Performance Chemicals segment, which achieved total sales in 2006 of EUR 1,812 million.
