Speciality chemicals group Lanxess has enhanced its presence in China by opening an office in Chengdu, which is viewed as an engine for China’s economic growth with double-digit expansion in the past few years.

The infrastructure construction in the area including railways, buildings and roads has been in the full swing with large investments from the government, leading to great demands for chemicals. Spurred by the fast economic expansion and increasing wealth in the western region, automobile industry is developing rapidly. Industry experts expect that western China will be the new growth momentum for the auto industry while major auto makers and auto parts companies have already moved to invest in the region to build plants. In particular, Chengdu targets at production capability of 1 million cars by 2015 and 1.25 million cars by 2020.

In China, Lanxess has ten subsidiaries including 3 joint ventures, as well as six R&D centres with about 1,000 employees. In addition to the China headquarters in Shanghai, the company has already set up offices in Beijing, Guangzhou and Hong Kong, covering local customers in the eastern part of China.

(PRA)

Electronic Editions 2012