2012-12-20

LANXESS opens Chengdu office to strengthen position in China’s growing western region

December 20, 2012, Chengdu – Specialty chemicals group LANXESS enhances its presence in China and further reinforces its business network by opening its Chengdu office today.

 

“The growing urbanization and mobility trend in the western region offers great development potential for our business. Chengdu, as one of the most important economic and transportation centers in western China, provides s a good gateway to the vast western market,” said Martin Kraemer, CEO of LANXESS Greater China.

 

China’s western region has been a new engine for China’s economic growth with double-digit expansion in the past few years. And the growth is expected to remain high in the next decade.

 

The infrastructure construction in the area including railways, buildings and roads has been in the full swing with large investments from the government, leading to great demands for chemicals.

 

Spurred by the fast economic expansion and increasing wealth in the western region, automobile industry is developing rapidly. Industry experts expect that western China will be the new growth momentum for the auto industry while major auto makers and auto parts companies have already moved to invest in the region to build plants.  In particular, Chengdu targets at production capability of 1 million cars by 2015 and 1.25 million cars by 2020.

 

“The Chengdu office will also strengthen our position in China by expanding our footprints on the map. Wherever our customers are, we will be there to serve them and respond to their needs more quickly,” added Martin Kraemer.
LANXESS, as an expert in specialty chemicals, serves a wide range of industries such as tires, auto components, construction, plastics and water treatment.

 

In China, LANXESS has 10 subsidiaries including 3 joint ventures, as well as 6 R&D centers with about 1,000 employees. In addition to the China headquarters in Shanghai, the company has already set up offices in Beijing, Guangzhou and Hong Kong, covering local customers in the estern part of China. The Chengdu office will expand LANXESS presence in the westen part and enable the company to be closer to local customers.

 

LANXESS is a leading specialty chemicals company with sales of EUR 8.8 billion in 2011 and currently around 17,100 employees in 31 countries. The company is at present represented at 49 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.


Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to confirm them to future events or developments.

Information for editors:

All LANXESS news releases and accompanying photo, video and audio material can be found at http://www.lanxess.cn or http://www.weibo.com/lanxess.

 

Information on chemical products from LANXESS can also be found in our Web Magazine at http://webmagazine.lanxess.cn.

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