Rhein Chemie sales up 40% in 2010
In 2010 the Rhein Chemie Group achieved a 40 per cent year-on-year growth in sales; the wholly owned Lanxess subsidiary says its 283 million euro sales for the year outstrip those of the “record” year 2008. “We can clearly see that the rigorous implementation of our growth strategy is bearing fruit,” stated Dr. Anno Borkowsky, CEO and president of Rhein Chemie Rheinau GmbH. “In Germany, we increased sales by 30 per cent while in Asia growth was even stronger.”
The German company also reports that construction work at its first Russian production site remains “on schedule” and the Dzerzhinsk, Nizhny Novgorod-based plant will begin manufacturing Rhenogran and Rhenodiv rubber chemicals for the Russian and CIS markets in the second half of this year. These products are used primarily in the manufacture tyres and technical rubber products.