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(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 company’s 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.
mrcplast.com
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