LANXESS India speaks on Growth and Opportunities for Chemical Industry in India at IndiaChem 2009 - Gujarat

Mumbai, India (PressExposure) December 18, 2009 -- Dr. Joerg Strassburger, Managing Director and Country Representative of LANXESS India, a German specialty chemicals company, today delivers a presentation on “Global Scenario – Growth and Opportunities for Chemical Industry in India” at IndiaChem 2009 - Gujarat in Ahemdabad.

IndiaChem, a leading event for the chemical industry in India, offers a platform for networking and business promotion in the state of Gujarat. The event covers a broad range of topics which includes potential business opportunities, research and development, infrastructure and environmental concerns, new applications of specialty chemicals, improving competitiveness, and application technologies for enhancing the productivity.

LANXESS’ presentation focuses on the major drivers for investments and growth of the chemical industry in India, and trends and developments in the global chemical industry.

Dr. Strassburger, Managing Director and Country Representative of LANXESS India, says, “LANXESS is very bullish on the Indian markets. With India being an emerging economy with high growth rates, we are not only investing EUR 50 million for our Gujarat site and creating employment for 230 workers but we have also successfully completed our first acquisition in India and now have a new production site in Nagda. With strong domestic demand, such as from the automotive, paint, construction and pharma industries, LANXESS is excited about the future of the chemical industry in India.”

He adds, “Global chemical companies present in India benefit from many opportunities as a result of favorable factors such as skilled workers, low manufacturing cost and strong domestic demand.”

Information for editors: 100 years of synthetic rubber – interesting information about the anniversary and the numerous areas of application can be found at http://www.worldrubberday.com/. Information on chemical products from LANXESS can also be found in our Web Magazine at http://webmagazine.lanxess.com/.

All LANXESS news releases and accompanying photo, video and audio material can be found on http://press.lanxess.com/.

Forward-Looking Statements 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.

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 6.58 billion in 2008 and currently 14,335 employees in 23 countries. The company is represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

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Press Release Submitted On: December 21, 2009 at 6:55 am
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