LANXESS India wins the TRILA award for the category ‘Company of the year-Rubber Chemicals’
The award comes in as a recognition of
the phenomenal growth registered by the business line Anti-Oxidants &
Accelerators(AXX) under BU AII
by Shrutee K/DNS
Thane, June 21, 2016: LANXESS
India has won the Company of the year Award under the Rubber Chemicals category
in the recently held Tyre & Rubber Industry Leadership Acknowledgement
(TRILA) awards in New Delhi.
Mr. Neelanjan
Banerjee, Senior Executive Director and Senior Vice President BU – Advanced
Industrial Intermediates accepted the award from Mr. V K Misra, Technical
Director – JK Tyres & Industries Ltd. amidst an audience consisting of some
of the most eminent personalities from the Tyre & Rubber Industry on June
15, 2016 at a felicitation ceremony held at Pragati Maidan, New Delhi, in the
backdrop of Tyre Expo India. Presented
by Tyre Times, the TRILA awards aims to bring to the forefront, the talent achievement,
excellence & quality from within tyre & associated industries &
share their achievement with the rest of the world.
The
prestigious award is another feather in LANXESS India’s cap since its jury
comprised most of the major Tyre Customers / industry representatives including
representatives from Tyre Industry Research, UK, Elastomer Technical
Development Society, Apollo Tyres Ltd., JK Tyres & Industries Ltd., CEAT
Ltd., Rubber Machinery World, Nippon Carbide and Vizium (a unit of Dentsu
Aegis). The
recognition has come LANXESS India’s way on the back of a commendable
performance through its separate business line Anti-Oxidants and Accelerators
(AXX) under BU AII.
Within
a year and a half this business moved from being potentially divested to a position
of aggressive growth. This award is an acknowledgement of the phenomenal growth
achieved in this area over the past year.
During this short period of time, the BU AII Management also invested in
doubling the production capacities at the Jhagadia site for Antioxidants
production.
“This
is a challenging business and has a lot of industry over capacities and poor
operating margins which has led a players to shut down globally as well as in
India. We had to re-invent ourselves quickly and urgently work to improving
efficiencies and cost competitiveness in all areas, be it in our Manufacturing
processes, Supply Chain efficiencies or increasing productivity and we worked
aggressively in all of them over the past year and half”, said Mr. Banerjee
while thanking all the customers for their support over the past years that has
seen the business line achieve higher production & sales in almost all the
products.
While
he also thanked the organizers, Tyre Times and the esteemed jury, he further
added, “The industry has taken notice of the way our business has developed in
India in the past year and this seems to have come just in time for our planned
expansions at Jhagadia. Needless to mention, our best efforts to further
increase business / market share in our Global Product Portfolio of the BL AXX
will continue unabated”.
Commenting on the win, Dr. Dirk
Van Meirvenne, Global Head of BU AII, said, “Having received the TRILA awards
is a great honor for BU AII. The award demonstrates LANXESS' competitiveness in
the growing and important market of India. We are committed to be and to remain
a reliable and competitive supplier to the roaring Indian tyre industry. “ Dr. Jens-H.
Fischer, Head of the Business Line AXX, added, “LANXESS India has played a
significant role in the positive development of LANXESS’ Antioxidant and
Accelerators business. We are confident of LANXESS' long-term success in
India.”
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