2021-11-24

LANXESS to expand high-tech plastics production in China

  • Investment of EUR 30 million on strong market demand
  • Capacity expansion by 30,000 metric tons
  • Further strengthening footprint in Greater China
The new plant in Changzhou will meet highest environmental standards in terms of energy saving equipment, process automation, water consumption, emission reduction and treats its remaining process water in its own water treatment plant.

Shanghai - November 24, 2021 - LANXESS expands its production network in China: The German specialty chemicals company will build a second compounding line for Durethan- and Pocan-branded high-tech engineering plastics at its manufacturing site in Changzhou. An important investment of around EUR 30 million will increase capacity in Changzhou by 30,000 metric tons per year. Together with existing facilities in Changzhou and Wuxi, this will bring the company’s total compounding capacity in China to 110,000 metric tons per year. The new line is planned to go on stream in Q1 2023.

 

“This expansion caters to the strong demand we experience from the growing Chinese automotive industry. As e-mobility is booming , it is driving new requirements for lightweight applications and continuously increases the share of electronic components used in cars”, says Hubert Fink, Member of the Board of the Management of LANXESS. “The new production line marks another vital step in enlarging our footprint in Greater China.”

 

“With manufacturing sites in Changzhou and Wuxi, and R&D and application development centers in Wuxi and Hong Kong, we support our customers in Asia-Pacific with the speed and quality they require to be successful,” Milan Vignjevic, head of HPM APAC, said.

 

Solutions for e-mobility

LANXESS sees e-mobility as a major field of application for its polyamide (PA) 6 and PA 66 compounds Durethan, polybutylene terephthalate (PBT) compounds Pocan and the endless fiber-reinforced composites Tepex. The company already offers a wide range of products that meet the most challenging standards and norms of the E/E industry worldwide in terms of flame retardance, electrical properties and ecological behavior. Its experience in developing and producing polyamide for the E/E-and automotive industry makes it the perfect partner to fulfill the new and demanding requirements of e-mobility.

 

Durethan and Pocan high-performance plastics also allow the construction of components that can replace metal parts in motor vehicles and in this way contribute to reducing weight, energy consumption and related emissions. The innovative materials are used, for example, in engine applications, door structures, body reinforcement, pedals, front ends and cross car beams. Depending on the part, the lightweight design contributes to a weight-saving of up to 50 percent.

 

The new plant in Changzhou will meet highest environmental standards in terms of energy saving equipment, process automation, water consumption, emission reduction and treats its remaining process water in its own water treatment plant.

 

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,900 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 13 subsidiaries, 6 R&D centers and 7 production sites with around 1,200 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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