Agency / Source: LANXESS

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LANXESS to Expand High-tech Plastics Production in China - LANXESS will expand its production network in China: The specialty chemicals company will build a second compounding line for Durethan- and Pocan-branded high-tech engineering plastics at its manufacturing site in Changzhou - LANXESS.com
LANXESS to Expand High-tech Plastics Production in China

 

PRZOOM - /newswire/ - Cologne, North Rhine-Westphalia, Germany, 2021/11/24 - LANXESS will expand its production network in China: The specialty chemicals company will build a second compounding line for Durethan- and Pocan-branded high-tech engineering plastics at its manufacturing site in Changzhou - LANXESS.com. FRA: DE Frankfurt: LXS

   
 
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• Investment of EUR 30 million on strong market demand;
• Capacity expansion by 30,000 metric tons;
• Further strengthening footprint in Greater China.

An important investment of around EUR 30 million will increase the capacity in Changzhou by 30,000 metric tons per year. Together with existing facilities in Changzhou and Wuxi, this will bring the company’s total compounding capacity in China to 110,000 metric tons per year. The new line is planned to go on stream in the first quarter of 2023. “This expansion caters to the strong demand we experience from the growing Chinese automotive industry. As e-mobility is booming, it is driving new requirements for lightweight applications and continuously increases the share of electronic components used in cars”, says Hubert Fink, Member of the Board of the Management of LANXESS. “The new production line marks another vital step in enlarging our footprint in Greater China.”
Solutions for e-mobility

LANXESS sees e-mobility as a major field of application for its polyamide (PA) 6 and PA 66 compounds Durethan, polybutylene terephthalate (PBT) compounds Pocan and the endless fiber-reinforced composites Tepex. The company already offers a wide range of products that meet the most challenging standards and norms of the electrical and electronics industry worldwide in terms of flame retardance, electrical properties and ecological behavior.

Durethan and Pocan high-performance plastics also allow the construction of components that can replace metal parts in motor vehicles and in this way contribute to reducing weight, energy consumption and related emissions. The innovative materials are used, for example, in engine applications, door structures, body reinforcement, pedals, front ends and cross car beams. Depending on the part, the lightweight design contributes to a weight-saving of up to 50 percent.

About LANXESS

LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 6.8 billion in 2019. The company currently has about 14,400 employees in 33 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World and Europe) and FTSE4Good.

Forward-Looking Statements
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors, nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accepts any liability whatsoever arising directly or indirectly from the use of this document.

 
 
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Agency / Source: LANXESS

 
 

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LANXESS to Expand High-tech Plastics Production in China

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High-tech Plastics | LANXESS
Contact: Michael Fahrig - LANXESS.com 
+49 221 8885 5041 michael.fahrig[.]lanxess.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LANXESS securities in any jurisdiction including any other companies listed or named in this release.

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