2020-12-22

LANXESS receives keys to new APAC Application Development Center

Shanghai –December 15, 2020 – Specialty chemicals company LANXESS achieved another milestone in the construction of its new Asia Pacific Application Development Center (AADC) as the building was handed over to the company on December 15. Following the groundbreaking ceremony in July, this important step ensures that the project can proceed on schedule.

Starting only in January, the speed of progress is remarkable. Although facing various challenges posed by the ultra-long rainy season this year, the Shanghai Chemical Industry Park (SCIP) construction team has successfully completed a series of measures such as the optimization of construction plans and adjustments to construction equipment.

Ming Cheng Chien, President of the LANXESS Asia-Pacific Region, says: “Our smooth progress is also based on the excellent cooperation we have with our partner SCIP, China’s first-ranked chemical park. As the first company to settle-in at Shanghai International Chemical New Materials Innovation Center, LANXESS is taking an important step in developing the company’s future growth potential in the largest chemical market in the world.”

With local innovation already making up a large share of new business in China, the AADC will further strengthen the company’s capabilities to answer the increasing need for localized product grades. After moving-in construction and installation, the AADC is slated to be officially opened by mid-2021.

In September 2019, LANXESS signed a Memorandum of Understanding (MOU) with SCIP. Two months later, the company announced the plan to establish an integrated application development center to strengthen its innovation capabilities in China and the Asia-Pacific region. In March 2020, LANXESS announced that the AADC would be located in SCIP.

 

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 6.8 billion in 2019. The company currently has about 14,400 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 now 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 http://www.lanxess.cn, http://www.weibo.com/ LANXESS, or LANXESS’ official WeChat account: LANXESS_china

Contact

Yu Fiona

Yu Fiona
Corporate Communications

Phone: +86 21 6109 6666

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