Asia’s most modern butyl rubber plant opened in Singapore
At an official ceremony, LANXESS inaugurated Asia’s most modern butyl rubber plant in Singapore. Commercial production will start in the third quarter of 2013.
Measures to boost competitiveness
As part of the announced measures to boost competitiveness at the Performance Chemicals segment's international sites, production processes are being bundled within the Rubber Chemicals business unit. The business unit is also streamlining its product range. In this context, manufacture of two antidegradants from the Vulkanox product range will be discontinued and the production site at Isithebe in South Africa closed.
The price of our stock continued to decline in the second quarter. It came under increasing pressure especially toward the end of the reporting period, dropping below €50 in June and closing the quarter at €46.28.
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