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NT Bureau
Chennai, Oct 1:

        Lanxess chemicals group is to build its new ion exchange resin plant in plant in Gujarat.

        Construction work on the 30 million euro site at the new Jhagadia Chemical Park near Baroda is set to begin in the second quarter of 2008. Production is scheduled to commence in 2010, with 200 new employees being taken on. In terms of investment volume this is the biggest project undertaken by Lanxess's Ion Exchange resins business unit since the end of the 1990s. 'This represents a commitment to one of the fastest growing and most future-proof areas of industrial chemistry. The aim of this move is to generate profitable growth and further strengthen our leading position on the global market,' explains Rainier van Roessel, the member of the Lanxess Management board.

        The new plant will manufacture products for industrial water treatment and the generation of ultra-pure water for the semiconductor and pharmaceutical industries. The portfolio will comprise a selection of the ion exchanger grades in Ion Exchange resins business unit's current product range such as anions, cations and mixed bed.