Synthetic rubber consumption to go up: Lanxess

Lanxess, speciality chemicals and leading synthetic rubber, on Friday said it sees a big jump in the rubber consumption in the country driven by increasing demand from tyre makers particularly radial tyres.

The company said India with a long history in production and consumption of natural rubber is currently undergoing a shift towards replacing natural with synthetic rubber in a variety of applications, Lanxess Managing Director & Country Representative Joerg Strassburger told reporters.

Thus providing a base for the increase in consumption of synthetic rubber in the country particularly driven by radial tyre demands in the country.

Most tyre companies in India are in an advanced stage of setting up greenfield projects for manufacturing radial tyres for trucks and buses and companies already having production facilities are also undergoing capacity expansion, he said at a day-long conference hosted by the company here.

(Source: http://www.indianexpress.com/news/synthetic-rubber-consumption-to-go-up-lanxess/720070/)