Bridgestone tires Pirelli tires and synthetic rubber supplier Lanxess Group of Germany has announced that the 2012 investment of 600 million euros ($ 812 million) to expand production capacity of the tire material.

     LANXESS Group Chief Financial Officer BernhardDuettmann in a recent interview that the company intends to Cabo its Brazilian plant to expand production capacity to the present times, and also plans to plant another in Brazil turned into environmentally friendly tire material production plants, there are also some other investment projects, including expanding the product line and so on.

     In the third quarter of the LANXESS Group's sales rose 26 percent to 23 billion euros ($ 3.1 billion), profit before interest, taxes, depreciation and amortization rose 27 percent to 3.11 billion euros ($ 419 million). LANXESS expects full year profit before interest, taxes, depreciation and amortization rose 20 percent to 10 billion euros ($ 1.35 billion).