LANXESS, the German chemical giant, released its 2017 financial report in Shanghai. Qian Mingcheng, CEO of Greater China, said that he is deeply committed to the Chinese market with a huge return. LANXESS Greater China performed very strongly in fiscal year 2017. Sales increased by nearly 30 percent compared to 2016. %, has accounted for 13% of global sales.
In January 2005, LANXESS shares were listed on the Frankfurt Stock Exchange for the first time, and the company officially began operating in China. To date, LANXESS has 17 subsidiaries (including 3 joint ventures) in Greater China, with 9 production sites. Base and 9 R&D centers.
Qian Mingcheng said that LANXESS pays close attention to the trend of the Chinese market and actively participates in major projects. He mentioned that last year's first flight of the domestically-made C919 large aircraft was successful, that is, Lanxess lubricant products were escorted. He also disclosed that he was optimistic about In China's fast-growing new energy automotive industry, as well as the potential of the electrical and electronics industry, LANXESS's high-performance plastics plant built in Changzhou was formally grounded in March this year.
He emphasized that in the recent two sessions, Premier Li Keqiang repeatedly referred to 'high-quality development', which reflected China’s pursuit of development quality and its determination to continuously promote industrial upgrading. This is in line with LANXESS’ development strategy in China. Together.
It is reported that, with a total sales volume of 9.7 billion euros in 2017, LANXESS has approximately 19,200 employees worldwide and 74 production bases in 25 countries. In fiscal 2017, the profit before tax, depreciation, and amortization of LANXESS's regular operations was increased. 29.6%, reaching 1.29 billion euros, setting a record for the company's history.