2020-07-06

Construction starts for building to house new LANXESS APAC Applications Development Center (AADC)

LANXESS first company to settle-in at Shanghai International Chemical New Materials Innovation Center

The groundbreaking ceremony of the building for the new APAC Application Development Center (AADC) of German specialty chemicals company LANXESS was held at Shanghai Chemical Industry Park (SCIP) on July 3. Photo: LANXESS

Shanghai – July 6, 2020 – The groundbreaking ceremony of the building for the new APAC Application Development Center (AADC) of German specialty chemicals company LANXESS was held at Shanghai Chemical Industry Park (SCIP) on July 3. The AADC is the first project to be settled in at Shanghai International Chemical New Materials Innovation Center. The groundbreaking marks another milestone in the company’s journey of continuous growth in China.

 

Ming Cheng Chien, President of the LANXESS Asia-Pacific Region, said at the ceremony: “With local innovation already making up a large share of new business, the AADC will further strengthen our capabilities to answer the increasing need for localized product grades. As the world is still battling the novel coronavirus, today’s groundbreaking underlines our strong commitment to the Chinese market and its future potential as the world’s largest chemical market.”

 

Ma Jing, Director of Shanghai Chemical Industry Park Management Committee, said in his speech: "LANXESS is the first formal settle-in company of the Shanghai International Chemical New Materials Innovation Center, which is a great and cheerful event for the construction of the Science and Technology Center in SCIP, as well as an important milestone and a new starting point in the process of innovation and development of the chemical industry of Shanghai. Hopefully, with increasingly advanced service and business environments for corporates in SCIP, we can work together with LANXESS to forge SCIP into a benchmark of  innovation centers of the chemical industry, and meanwhile contribute to the transforming, upgrading and sustainable development of the chemical industry in Shanghai."

 

The ceremony was attended by Ming Cheng Chien, President of the LANXESS Asia-Pacific Region; Dr. Hu Dongqi, Director of Innovation & Technology, LANXESS Greater China; Ma Jing, Director of Shanghai Chemical Industry Park Administration Committee; Yu Liangru, Hou Jinhua, Zhu Bin, Deputy director of Shanghai Chemical Industry Park Administration Committee; Zhang Chun, President of Shanghai Chemical Industry Park Development Co., Ltd., and leaders of related projects.

 

In September 2019, LANXESS signed a Memorandum of Understanding (MOU) with SCIP. In November 2019, LANXESS announced the plan to establish an integrated APAC Application Development Center to further strengthen its innovation capabilities in China and the Asia-Pacific region. In March 2020, LANXESS announced that the AADC would be located in SCIP.

 

The setup of AADC is an important part of LANXESS’s development plan in Asia. In order to promote the synergy between the business units in APAC, LANXESS established a new regional structure in the Asia-Pacific region in 2018. Headquartered in Shanghai, the region covers Greater China, Japan, South Korea and the ASEAN countries. 

 

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 6.8 billion in 2019. The company currently has about 14,300 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

 

LANXESS China

On January 31, 2005, the company was initially listed on the Frankfurt Stock Exchange and LANXESS Chemical (China) Co., Ltd. officially started operations. LANXESS has 15 subsidiaries, 7 R&D centers and 8 production sites with around 1,500 employees in Greater China. LANXESS works closely with its local partners to develop market-oriented solutions that meet local market needs.

 

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.

 

Information for editors:

All LANXESS news releases and accompanying photo, video and audio materials can be found at www.lanxess.cn,

www.weibo.com/lanxess,

or LANXESS’ official WeChat account: LANXESS_china 

Contact

Yu Fiona

Yu Fiona
Corporate Communications

Phone: +86 21 6109 6666

Fax: +86 21 6109 6717

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