2021-10-12

LANXESS expands light-color aminic antioxidants capacity in Asia

  • Production capacity of light-color aminic antioxidants for the lubricants industry to be expanded by 2022
  • LANXESS is investing several millions at its Taiwan site

Shanghai – October 12, 2021 – LANXESS is expanding its production capacity for light-color aminic antioxidants at its Taiwan site by several kilo tons. The specialty chemicals company is investing several millons to expand its facility in response to growing demand in APAC. The additional volumes are expected to be available by end of 2022.

 

“We’ve seen rapid market growth in aminic antioxidants in the recent months and years,” says Martin Saewe, Head of LANXESS’s Lubricant Additives Business (LAB). “With our strategically located three assets and our backwards integration into the key raw material, we stand for supply resilience in the industry. We intend to use the additional capacity to strengthen our leading market position in APAC and to support our customers with their growing demand.”

 

Veronika Sauer, Head of Marketing Lubricant Additives, says “To be ahead of the curve, we continue to develop safer, more sustainable, and higher performing antioxidants that are capable to meet changing market requirements. We are evaluating to offer some of these from our Taiwan site as well”.

 

LANXESS markets its aminic antioxidants under the brand name Naugalube®. The investment at its Taiwan site will support globally harmonized specification of its flagship product Naugalube® 438L. Naugalube® 438L is a liquid antioxidant used in a broad range of transportation and industrial lubricants. With excellent high temperature performance, Nauglaube® 438L reduces oil oxidation, prolongs lubricant life and extends service intervals.

 

Detailed information on the Lubricant Additives Business portfolio is available at www.lab.lanxess.com.

 

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 6.1 billion in 2020. The company currently has about 14,800 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 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

Fax: +86 21 6109 6717

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