Rhein Chemie, Lanxess begin U.S. restructuring
Canadian PlasticsCanadian Plastics
Rhein Chemie Corporation, a wholly owned subsidiary of Lanxess Corporation, announced it is taking several initiati...
Rhein Chemie Corporation, a wholly owned subsidiary of Lanxess Corporation, announced it is taking several initiatives to improve its U.S. rubber business. This includes consolidating its rubber business and closing its production facility in Trenton, N.J.
The end of 2006 will see the closure of the plant and will affect some 76 employees.
Rhein Chemie will retain its warehouse facilities in Trenton. According to the company, the restructuring came about because of changing customer demands in the U.S. auto industry and administrative redundancies.
Lanxess Corporation was formed when the Bayer Group combined most of its chemical business and large segments of its polymer activities.