A Chemicals company Lanxess is getting out of Chennai! How sad?! What is the reason to the shift? Why are we losing a company from Chennai? Already there is lot of inflow of companies into Chennai! Now, companies are getting out of Chennai? Officials, please do the needful!!!! - Chennai Machan! Please read more below....
The largest European speciality chemicals company Lanxess is planning to shift its production facilities from Chennai in Tamil Nadu to its recently opened site in Jhagadia, Gujarat by the end of 2011.
The facilities, which make leather chemicals, material protection products and rubber additives, are being relocated since the contract with the Penar Group promoted Speciality Products Pvt Ltd (toll manufacturing unit) is due to expire this June, a press release said. Penar is the owner of the land and a majority of the workers at the site belong to it. Twelve employees are on the Lanxess India payroll and they will either continue to work for the company or find other options.
The plant in Chennai, spread across 25 hectares with a production capacity of 12,000 metric tonne per annum, was started in 1997. This has been the strategic manufacturing base for Lanxess’s speciality chemical products in the Asia-Pacific region. The move will affect facilities manufacturing leather chemicals and material protection products in Tamil Nadu as well as products from its group unit Rhein Chemie, which makes and markets rubber products and additives.
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