Lanxess inaugurates compounding unit in Brazil

04/18/2014

Lanxess (Cologne, Germany) has inaugurated its new compounding facility in Porto Feliz, Brazil. A EUR20 million ($27.6 million) investment has been made in the plant, which will initially have an annual capacity of 20,000 tonnes and employ up to 50 personnel.

The new plant is targeting the mobility sector in Latin America. In Brazil, which ranked seventh in terms of car and commercial vehicle production in 2013 with output pegged at around 3.3 million vehicles, a governmental program called "Inovar-Auto" was implemented in early 2013, offering financial incentives for OEMs that augment their production as well as their investments in research and development in Brazil and manufacture cars which are more energy-efficient.
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