LANXESS, a specialty chemicals group, is consolidating its position in the growing Chinese market: The Cologne, Germany-based company will invest around 20 million euros to build a high-performance plastics plant in Changzhou, a compounding plant to be completed in 2019 Started in the second quarter of the year, Durethan and Pocan high-tech plastics are manufactured for the automotive, electrical and electronics industries with a capacity of 25,000 tons.
Matthias Zachert, Chairman of LANXESS, said at the press conference in Shanghai: 'China is the largest automobile market in the world and a pioneer in the promotion of electric vehicles. We hope to expand our growth in this important area and consolidate our position in the field of high performance plastics LANXESS has set up a high-performance plastic factory in Wuxi, China.
According to the research, China occupies a quarter of this year's estimated sales of 85 million vehicles worldwide, and it is estimated that it will reach one-third by 2025. China's electrical and electronics industries also have great potential and LANXESS expects its year in China The growth rate can reach 9%.
"At the same time, the new plant has allowed our global network of compound plants to expand and our strategic focus has always been on the development of high-quality plastic products," said Michael Zobel, LANXESS 'director of high performance materials business.
Changzhou factory to be developed
LANXESS is also constantly investing in the Changzhou plant, which has a leather chemicals and synthetic rubber plant in Binjiang Chemical Industrial Park, Changzhou, and currently employs about 350 people.
Mr. Qian Mingcheng, CEO of LANXESS Greater China, said: "LANXESS is closely watching the vigorous development of the Chinese market, such as the new energy automotive industry. This time, the new factory will be relocated to Changzhou in response to the government's request for chemical companies to enter the park We will make full use of and integrate the business and resources of the existing leather chemicals and rubber production bases in Changzhou to bring synergies across different business sectors and provide new and existing customers with high quality and value - added solutions and services.
Lightweight solution to modern mobility
The automotive industry is LANXESS 'foremost customer for high-performance plastic products, innovative materials that replace metal products in automotive components to help reduce weight, fuel consumption and emissions. LANXESS plastic products are used in applications such as engines, Door structure, pedals, body front and cockpit beams etc. The lightweight construction reduces the weight of different parts of the vehicle by up to 50%.
LANXESS Plastics is used in a wide range of hybrid and electric vehicles, some of which are already in mass production, including components for charging systems, battery system carriers and battery holders, and motorized sensor and housing components. These materials are also widely used Among the infrastructure of electric vehicles, such as charging posts, charge switches and terminal clips, polyamides and polyesters are ideal for making sensors, displays and control connectors for autonomous driving.
Global production network continues to expand
The business unit is located in the following locations around the world: Germany, Dortmund (research and development); Germany Krefeld - Udding (nylon 6 polymer, composite products); Germany Ukraine music spectrum (PBT polymers, composite products) Lilongwe (Tepex production and development); Belgium Antwerp (nylon 6 polymer); China Wuxi; India Jihagadiaya (composite products); the United States Gastonia (composite products); Port Felix (composite products ).