LANXESS invests in new site in China
At the new facility Rhein Chemie will focus on the manufacture of customized additive formulations for lubricants with the product name Additin®.
With an annual volume of around 4.4 million metric tons, the market for lubricants in China is about four times as big as in Germany, according to the company. Annual growth is estimated to be eight percent. The industrial lubricants segment, which is of particular interest to Rhein Chemie, is likely to double by 2012 with an even higher growth rate at the current time of one million tons per year.
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