LANXESS opens new plant in China
Facility ensures economic supply of raw materials for pigment production
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LANXESS opened a new plant in Shanghai as part of its Asia strategy launched in 2006. This is the Group's second production facility for inorganic pigments in China. The plant with an annual capacity of approximately 20,000 tons will be operated by the Inorganic Pigments business unit to supply raw materials for the production of inorganic pigments in Shanghai, which started in 1996. LANXESS had previously sourced these raw pigments from suppliers.
"The new facility is an important step in our drive to increase our profitability in Asia," said LANXESS Management Board member Dr. Ulrich Koemm at the inauguration. "With this backward integration, we can significantly improve our profitability in this segment."
To quickly and efficiently ensure the economic supply of raw materials, LANXESS rented a new production facility. "With its significant time advantages and attractive financing conditions, the leasing model enabled us to gain yet another competitive advantage in China," said Koemm.
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