MOSCOW (MRC) -- Lanxess has opened a new Asia-Pacific Application Development Center for its plastics in the Hong Kong Science & Technology Park, according to GV.
It is run by the High Performance Materials (HPM) business unit. The Asia-Pacific Application Development Center will be the technology hub for customers in the Asia-Pacific region and India. It offers customers comprehensive engineering services in all stages of developing a new application; for injection moulded and blow moulded parts, as well as for composite sheet applications.
According to Lanxess, the center will enhance the company's capabilities to serve the expanding Green Mobility trend by providing testing services for plastics applications in the auto industry in application areas including: under-the-hood, chassis, engines and oil pans.
Lanxess is quick to respond to the increase in demand for products from the HPM business unit due to the trend toward lightweight construction in vehicle production by investing in the expansion of the capacities in the Asia Pacific region. In Wuxi, China, Lanxess completed the expansion at the production facility for high-tech plastics in 2011. It has raised production by around 20,000 tpa to a total of approximately 60,000 tpa. In 2012, the company opened a new compounding plant in Jhagadia, India, with an initial capacity of 20,000 tpa. These two facilities supply the entire Asia-Pacific region with Durethan and Pocan.
We remind that, as MRC wrote previously, LANXESS is strengthening its product portfolio for biocides to serve the megatrend urbanization. Thus, in early April, the German specialty chemicals group acquired Singapore-based PCTS Specialty Chemicals Pte. Ltd. for an undisclosed amount. Through the acquisition, LANXESS is now one of the leading suppliers of biocides for paints and coatings in the rapidly-growing Asia-Pacific region.
Lanxess is a leading specialty chemicals company with sales of EUR 8.8 billion in 2011 and currently around 16,900 employees in 31 countries. The company is currently represented at 48 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.
MRC