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2006-09-27 News Release

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New ABS plastics site officially opens

The new European headquarters of Lustran Polymers in Tarragona, Spain officially opens today for the production and manufacturing of ABS plastics.

The recently renamed Lustran Polymers business unit of the LANXESS Group, located in the Spanish city of Tarragona, is the largest ABS plastics manufacturer in Spain and will service the European and Latin American markets. The Lustran Polymers business unit has a worldwide workforce of 1,650 and is part of the LANXESS Engineering Plastics Segment, which recorded sales of EUR 1.737 billion in fiscal 2005.

Part of the production facilities for manufacturing ABS plastics had earlier been transported from Dormagen in Germany to Tarragona. Regional management for business in Europe and Latin America was also transferred from Germany’s Lower Rhine region to Catalonia in July. This increased the Lustran Polymers workforce in Spain to 300.

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"With targeted investments in excess of EUR 20 million at the Tarragona site and the clear strategy of making Tarragona the hub of ABS operations for Europe and Latin America, we will see Lustran Polymers becoming more competitive," commented Chairman of the LANXESS Board of Management Axel C. Heitmann at an international press conference in Tarragona. The business unit, which was previously the biggest loss-maker within the LANXESS Group, has made an impressive turnaround in a very short period of time, he added. "Today’s inauguration of the European headquarters is an important milestone in the repositioning of our ABS operations and a clear commitment to Tarragona," said Heitmann.

European headquarters for Lustran Polymers, Tarragona, Spain. Click Go for High resolution image. photo: LANXESS AG

The official opening of the European headquarters of Lustran Polymers is also the first official event for the newly rebranded unit. Changing the name of the business unit from Styrenic Resins to Lustran Polymers reflects the repositioning of the business. The focus is now firmly on ABS specialties and colored plastics. The Lustran Polymers business unit makes LANXESS one of the world’s leading companies in this sector. Lustran Polymers already leads the way in Spain, being the largest manufacturer of high-grade ABS plastics in the country. The relocation of three large-scale reactors from Germany to the Spanish Mediterranean coast will bring about a significant further increase in capacity. Once the relocation is complete, customers in Europe and Latin America will be supplied directly from Tarragona.

2007 BMW 3 Series Coupe Click Go for larger image. Photo is representational only.

Typical applications for ABS products from Lustran Polymers include all types of housings for appliances, toys, and garden furniture, as well as interior and exterior automotive components. The very latest area of application for the high-tech plastic Triax* 3157 is for the fenders of the new BMW 3 Series Coupe. "LANXESS plastics have exceptionally good processing properties and give us wide freedom of design for our cars," remarked Dr. Albin Dirndorfer, project manager at BMW for the 3 Series Coupe. Car owners also benefit from the advantages of this high-tech plastic. The material reduces vehicle weight, thereby also reducing fuel consumption, and, as it offers greater flexibility than conventional automotive components, minor bodywork damage is much less common.

* Triax 3157 is a registered trademark of LANXESS.

Find Information about Lanxess AG.

Read a recent press release about - The partial production of ABS plastics is back on stream at the Lustran Polymers plant in Tarragona in Spain after a shut down due to a fire recently.

and

LANXESS chemicals group's. Saltigo GmbH offers complete solutions for the development, piloting and production of active ingredients and intermediates.

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