Lanxess Invests €40 Million in 2 Projects at Krefeld-Uerdingen Site
Lanxess has announced a €40 million investment in two projects at its Krefeld-Uerdingen, Germany site.The company is building a production plant for the formalin needed to make trimethylolpropane (TMP). The applications of this trivalent alcohol include numerous products used in the furniture, construction and automotive industries. In addition to the plant itself, new formalin and methanol tanks will also be built on a total area of 1,000 m2 and is due to start up at the end of 2011.
In addition, the company said it is responding to strong global demand for menthol by investing in the expansion of its existing menthol production facilities. Synthetic menthol is a key component of numerous aromas and pharmaceutical products. Lanxess - in collaboration with Symrise - is the world's leading manufacturer of synthetic menthol and thymol. Initial planning work on the expansion of the hydrogenation facility is already under way, and the project is due to be completed during the first half of 2012.
