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Mumbai Feb. 16 Rubber and chemical major Lanxess is set to ramp up investments in India. Without revealing any numbers, Dr Axel C. Heitmann, Chairman of the Board of Management, Lanxess, said, "Our total investment outlay for 2006 was € 300 million of which 10 per cent was in Asia. India accounted for a major chunk of our investments in Asia. We are interested in both organic and inorganic growth in India."

Lanxess is also planning to introduce new premium rubber products in India. "These products are environment-friendly and increase the mileage by reducing the weight of the car," said Dr Heitmann.

The company in January 2007 started its rubber additives facility in Madurai and performed the ground breaking in Moxi (Gujarat) for a new compounding plant for ABS (Acrylonitrile Butadiene Styrene) plastics.

More Stories on : New Projects | Plastics

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