The chief executive of the German chemical giant LANXESS said that in the next five years, the company plans to invest about 500 million euros in North America to upgrade the production equipment, while expanding production capacity, mainly to expand the existing equipment.
Matthews Zachert, Chief Executive Officer of LANXESS, said in an interview with ICIS: 'We plan to upgrade the installations in North America. Most of them will upgrade the process technology, and we will consider expanding some devices. can. '
He said: 'We are conducting a specific feasibility study and will announce a specific upgrade plan in the next 12-18 months.'