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Largest LANXESS investment in China

December 09/2010

(LANXESS) -- German specialty chemicals group LANXESS has taken another step on its expansion course in China. The company will invest about EUR 30 million in a plant for leather chemicals to be built in Changzhou, Jiangsu province, China. This is the single largest investment by the companys Leather Chemicals business unit to date in China. Approximately 150 new jobs will be created through this investment.

The facility, with an annual capacity of up to 50,000 metric tons, will be located at the Changzhou Yangtze Riverside Industrial Park. It is planned to go on stream by the first half of 2013 and will produce premium LANXESS leather chemicals for the local Chinese market such as Tanigan, Isoderm, Euderm and Levotan for various applications like leather tanning, dyeing and finishing.

LANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,500 employees in 23 countries. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.


Largest LANXESS investment in China
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