Specialty chemicals major LANXESS AG has recently announced postponement of investment projects due to the current global economic crisis to achieve 'financial flexibility' for 2009. According to its revised plans, the new Butyl Rubber facility in Singapore is expected to commence operations in 2012, with groundbreaking - previously scheduled for January 2009 - postponed until the fall.
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Tuesday, January 06, 2009
LANXESS AG to defer investment projects due to global economic crisis
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