Specialty chemicals company Lanxess is strengthening its asset base in India. The company plans to invest up to rs. 1,250 cr till 2023. Focus areas of the investment will be the businesses for chemical intermediates, high-performance plastics and water treatment products. Lanxess had already invested a sizeable amount in India over the years, among others for green field investments and acquisitions. The company currently operates production facilities for five business units at its sites in Jhagadia and Nagda.