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NT Bureau
Chennai, Feb 22:

        As part of its Asia strategy, Lanxess chemicals group is to step up its activities in India considerably in its drive for profitable growth.

        A significant investment in new projects is possible this year, in addition to the capacity expansion projects already under way.

        Recently, the company launched two projects to accelerate profitable growth in India. In January, a new plant for the production of the polymer-bound rubber chemical Rhenogran went on steam in Madurai. At the same time, Lanxess is in the process of building a new facility in Moxi for colouring ABS plastics.

        The company's sales in India rose by 14 per cent even when nine months period in 2006 had accounted for 15 per cent in the Asia Pacific region.