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2017-10-26

LANXESS expands its CSR outreach in Nagda

  • Undertakes maintenance of overhead water tank in Mehatwas
  • Supports development & maintenance of Municipal Garden in Nagda
  • Contributes towards green energy by taking up installation of Solar street lights in Mehatwas & Durgapura
  • Signs MoU with Nagda Municipal Corporation for support

Nagda, 26th October 2017: LANXESS India Private Limited, the leading specialty chemicals company has taken another major step towards creating a sustainable environment in & around Nagda by undertaking three projects as part of its Corporate Social Responsibility. The company signed a memorandum of understanding with the Nagda Municipal Corporation wherein it committed to undertake the maintenance of overhead water tank in Mehatwas, development & maintenance of Nagda municipal garden and installation of solar street lights in Mehatwas & Durgapura.

This announcement follows the company’s CSR outreach projects launched last month wherein LANXESS committed its support to the Nagda government college by way of e-learning tools and support of a sonography machine to the Nagda Civil hospital.

The three year-long MoU was signed in a ceremony held at the Nagda community hall in the presence of Mr. Ashok Malviya Chairperson Municipal Council & Mr. Dilip Singh Shekhawat Member of Legislative Assembly Khachrod-Nagda Constituency, Mr. Neelanjan Banerjee, Senior Executive Director, LANXESS India, Mr. Sanjay Singh, Site Head, Nagda, LANXESS India and other esteemed dignitaries from the state and local administration.

These projects are in line with LANXESS’ vision for sustainable development and a better quality of life for the people of the region.

As part of the maintenance and development of the Nagda municipal garden, LANXESS India will ensure structuring of the fencing, grass beautification and planting of saplings.

With an aim to ensure better infrastructure for distribution of the current water supply system in the town, LANXESS will support in the repair & renovation of the pipeline distribution & strengthening of column structure of the overhead water tank in Mehatwas. This is expected to directly benefit a population of over 2400 in the region.

Contributing towards making the planet greener, LANXESS India will be undertaking the installation of solar street lights in Mehatwas & Durgapura wherein, the company will support the municipal corporation with installation of twenty five solar street lights. The installation will include pole installation, battery, solar panels, solar bulbs and maintenance for a period of three years.

On this occasion, Mr. Neelanjan Banerjee said, “LANXESS takes its social responsibility projects in true spirit and has been relentless in its efforts of making a positive and meaningful change in the lives of the people in & around Nagda. In the current fiscal year itself, the company has supported the region through five different CSR projects worth around Rs.50 lacs. The three new projects launched today assert our commitment towards the region’s welfare and the company’s vision of a sustainable environment.”

Commenting on the projects, Mr. Sanjay Singh said, “LANXESS India has taken these initiatives as a step forward to sustainability in the region of Nagda. With the current environmental conditions, sustainable development is the solution for a healthier lifestyle. Through these projects, we hope to improve the quality of living for the people of Nagda. I also thank the Municipal Corporation of Nagda for seeing merit in our efforts and supporting us.”

Nagda, October 26, 2017

About LANXESS
LANXESS is a leading specialty chemicals company with sales of EUR 7.7 billion in 2016 and about 19,200 employees in 25 countries. The company is currently represented at 75 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.

Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

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