By IANS
Ahmedabad : German chemicals major Lanxess has chosen Gujarat for its new 30 million euro (Rs.1.71 billion) ion exchange resin plant, the biggest such project undertaken by the group in a decade.
The plant will be being located at the Jhagadia Chemical Park near Vadodara. Construction work is set to begin in the second quarter of 2008 and production is scheduled to commence in 2010.
In March this year, Lanxess launched an international competition for locating the plant. The choice ultimately narrowed down to China, India and Singapore. The Jhagadia Chemical Park emerged the winner as it had excellent industrial infrastructure in place.
SUPPORT TWOCIRCLES
HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE