As part of its Asia strategy, the Lanxess chemicals group is building a new plant for the manufacture of lubricant additives in Qingdao, China. The production facility, which belongs to Lanxess’s subsidiary Rhein Chemie, will go on stream at the latest in the fourth quarter of 2008 and will initially employ 50 people. It is estimated that the amount in euros to be invested will be a single-digit million value. “The new facility is a further step in our drive to increase profitable growth in Asia,” said Lanxess Management Board Chairman Dr. Axel C. Heitmann. “We are rigorously expanding our presence here.”
At the new facility, Rhein Chemie will focus on the manufacture of customized additive formulations for lubricants with the product name Additin. These not only improve performance and service life in industrial applications but also aid environmental protection as they can replace products currently used in China that impact on the environment.
Share:
