Lanxess will double capacity at its DuPont joint venture in Germany and build a new compounding facility in the U.S. to support 7% annual growth forecast through 2020 in what it calls "high-tech" plastics. Lanxess is investing €75 million in the ventures, including the new production facility in Gastonia, NC, which will have an initial capacity of 20,000 tonnes/yr, and will be the first U.S. compounding site for its Durethan polyamide 6 and 6,6, as well as its Pocan polybutylene terephthalate (PBT) resins.
The new North Carolina site represents an initial investment of €10 million and is expected to create up to 55 new jobslocally. Construction is expected to begin in the second quarter of 2011, with production scheduled to start in 2012.
Lanxess also announced plans to double PBT production at its Hamm-Uentrop, Germany site, a joint venture with DuPont. The companies will invest €10 million in the operation, with the expansion expected to create nine new jobs, bringing the total staff count to 79. Expanded production at the plant, which opened in 2004 and is reportedly one of the largest of its kind in the world, is scheduled to begin in 2012....