Lanxess K.K., the Japanese subsidiary of the German-based chemicals group, has inaugurated its new headquarters in Tokyo. Referring to the ceremony, Lanxess board member Dr. Martin Wienkenhöver, who is in charge of Asian business, said that Japan is the most important market in Asia.

 In fiscal year 2003, the country contributed roughly 20% of the €887 million in total sales generated by Lanxess in the Asia/Pacific region. This year Lanxess plans to grow in line with the Japanese chemical market, whose growth is expected to be between two and three per cent.

Wienkenhöver said, "The factors that make Japan so attractive for us are its enormous sales market and its geographic location in a region of such dynamic growth."

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