Industry News

Lanxess to keep faith with its 200m euro investment here

GERMANY'S Lanxess intends to stay the course with its 200 million euro (S$335.3 million) Nd-PBR investment here despite the slump in global car markets, including in Europe and China, said chairman and chief executive Axel Heitmann.20 August 2013

Evonik to significantly expand its oil additives capacity in Singapore

Evonik Industries has announced a significant expansion of its Jurong Island, Singapore oil additives plant, to be completed in early 2015. With ongoing improvement and debottlenecking projects scheduled to be finalized during the first half of 2014, these optimizations and the planned expansion will nearly double the capacity of the oil additives plant in Singapore.20 August 2013