Lanxess invests in chloroprene rubber.Chemicals group Lanxess, Leverkusen, Germany, has invested more than EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 15 million in the production of chloroprene chloroprene (klōr`əprēn') or 2-chloro-1,3-butadiene, colorless liquid organic compound used in the synthesis of neoprene and certain other rubbers. rubber (CR) in Dormagen, Germany. The project is aimed at optimizing processes and safety, and expanding capacity, and is due for completion by the end of the year. By mid-2007, Lanxess intends to increase its butyl rubber butyl rubber: see rubber. capacity by a total of 50,000 metric tons a year. Following growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of 6-8% for butyl rubber over the past few years, Lanxess predicts that the global increase in demand will level off between 3-4% a year in the medium-term. |
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