Lanxess breaks ground on development centre in Shanghai

German speciality chemicals firm Lanxess recently held the groundbreaking ceremony of its new APAC Application Development Centre (AADC) at the Shanghai Chemical Industry Park (SCIP). It is the first company to start construction work at its site at the Shanghai International Chemical New Materials Innovation Centre.

In September 2019, Lanxess signed a Memorandum of Understanding (MOU) with SCIP. In November 2019, the firm announced its plan to establish an integrated APAC Application Development Centre to further strengthen its innovation capabilities in China and the Asia-Pacific region. In March 2020, Lanxess announced that the AADC would be located in SCIP.

Lanxess says the set-up of AADC is an important part of its development plan in Asia. In order to promote the synergy between the business units in APAC, Lanxess established a new regional structure in the Asia-Pacific region in 2018. Headquartered in Shanghai, the region covers Greater China, Japan, South Korea and the ASEAN countries.

Ming Cheng Chien, President of Lanxess Asia-Pacific Region, said at the ceremony: “With local innovation already making up a large share of new business, the AADC will further strengthen our capabilities to answer the increasing need for localised product grades. As the world is still battling the novel coronavirus, today’s groundbreaking underlines our strong commitment to the Chinese market and its future potential as the world’s largest chemical market.”

Ma Jing, Director of Shanghai Chemical Industry Park Management Committee, said in his speech: "Lanxess is the first to settle in at the Shanghai International Chemical New Materials Innovation Center, which is a great and cheerful event for the construction of the Science and Technology Center in SCIP, as well as an important milestone and a new starting point in the process of innovation and development of the chemical industry of Shanghai. Hopefully, with increasingly advanced service and business environments for corporates in SCIP, we can work together with LANXESS to forge SCIP into a benchmark of innovation centers of the chemical industry, and meanwhile contribute to the transforming, upgrading and sustainable development of the chemical industry in Shanghai."

(PRA)

---

Subscribe to Get the Latest Updates from PRA  Please click here