Stretching investment to tap needs
Print Edition
GERMAN specialty chemicals company LANXESS inaugurated a new rubber plant in Changzhou, east China’s Jiangsu Province, which is its largest investment in China so far.
The 235-million-euro (US$270 million) factory with an annual production capacity of 160,000 tons will produce rubber tailored to the automobile and construction industries. A car uses an estimated 5 kilograms of rubber for door seals, hoses and anti-vibration parts.
“This investment underlines our commitment to the Chinese market, which will continue to be a cornerstone of our global business development,” said Matthias Zachert, CEO and chairman of LANXESS.
“With the new plant, we have completed our global rubber production network,” he said.
The plant, set to create 200 new jobs, is expected to meet vast opportunities in Asia.
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