German chemicals firm Lanxness unveils $314m plant in Singapore

It has created around 100 skilled jobs.

Lanxness, a German specialty chemicals company, has invested $314m (EUR 200m) into its new neodymium butadiene rubber plant in Jurong Island.

The plant has an annual production capacity of 140,000 metric tons, and has generated roughly 100 highly skilled jobs.

The plant is located next to its existing butyl rubber plant. The facility will produce Nd-BR for global markets, with an emphasis on the growing Asian markets.

“The synthetic rubber project is part of Singapore’s strategy to grow chemical chains from the higher olefins produced by our petrochemical crackers. This will enhance the value and resilience of our chemicals industry,” said Damian Chan, Executive Director, Energy and Chemicals of the Singapore Economic Development Board.