Lanxess breaks the ground on new leather chemicals p - leatherbiz: Lea Leatherbiz

News

Lanxess breaks the ground on new leather chemicals plant

29/07/2011
Specialty chemicals manufacturer Lanxess is strengthening its commitment to the Chinese market with premium products by making a number of local investments, worth more than EUR 40 million in total, most of it focused on the leather industry. “China remains one of the fastest growing markets in Asia and a key pillar of our mid-term growth strategy,” said the company’s chief executive, Axel Heitmann.

A groundbreaking ceremony took place at the end of July for a new leather chemicals plant in Changzhou, Jiangsu province, representing a EUR 30 million investment. It will have a capacity of 50,000 tonnes per year and will come on stream in the first half of 2013. The plant will feature the latest technology and environmentally friendly processes and will create about 150 new jobs. It will produce leather chemicals such as Tanigan, Isoderm, Euderm and Levotan used for tanning, dyeing and finishing applications. China is the largest market for leather chemicals worldwide, with steady growth expected in the coming years.

Other investments are taking place in the company’s products for the plastics and beverage industries.

Lanxess is operating or constructing major production sites in Shanghai, Wuxi, Liyang, Nantong, Changzhou and Qingdao. In addition, the company has a headquarters in Shanghai for many of its business units, as well as offices in Beijing, Guangzhou and Hong Kong. It has close to 900 employees and achieved sales of about EUR 800 million in China in 2010.


Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.