On 27 August 2015, German chemicals company Lanxess opened a 200 million euro (S$318.5 million) plant in Jurong Island, one of the largest investments made by the firm worldwide.
Lanxess opens 200m euro synthetic rubber plant in Singapore
The neodymium butadiene rubber facility, which produces synthetic rubber that can increase fuel efficiency and performance in tires, is the German company's second plant in Singapore. It has a production capacity of 140,000 metric tons a year, and will generate about 100 highly skilled jobs, which will be largely filled by locals.
Said Mr Matthias Zachert, chairman of the board of management at Lanxess: "Together with our adjacent butyl rubber plant, the opening of this new butadiene rubber plant reinforces the strategic role of Singapore as our hub for synthetic rubber production for the Asian markets."
Speaking at the event, Trade and Industry Minister Mr Lim Hng Khiang, who was guest-of-honour, announced that a council looking to raise productivity in the Process Construction and Maintenance (PCM) sector has entered a partnership with the Construction Industry Institute in Texas. The initiative aims to study and implement best practices for project management, as well as implement a certification system for productivity to ensure PCM companies remain competitive.
- 27 August 2015