LANXESS, the world's leading chemical company, has shown strong growth in the fast-growing Chinese chemical market. Dr. He Deman, CEO of LANXESS and Chairman of the Board of Directors, delivered a speech entitled “China 2005—Cooperation and Competition†at the "Economic Week" held in Berlin this year and announced a series of LANXESS companies. China's expansion project.
LANXESS's extensive expansion plan in China first focused on its talent pool. With 590 employees in China, LANXESS plans to add 250 jobs in 2006. Dr. He Deman emphasized: “The talent we choose in China has a good foundation. The development of LANXESS business will benefit from these outstanding talents. For those Chinese employees with development potential, we will try to provide more training abroad. opportunity."
It is reported that by the end of 2006, many of Lanxess's major chemical development plans will be gradually implemented. Dr. He Deman explained that LANXESS is one of the first foreign companies to set up a joint venture in China to produce rubber antioxidants. The new rubber antioxidant production plant will be built in Tongling, Anhui Province. In addition, LANXESS is building in Wuxi. A brand-new factory for the production of high-tech engineering plastics, with a total investment of approximately 20 million euros, will be put into production in the spring of 2006 for the first phase of the expansion project; Weifang Yaxing Chemical Co., Ltd., a joint venture established in Weifang, Shandong Province, will Sheng has become a leading supplier of hydrazine hydrate in China's chemical industry. As an important part of the joint venture, LANXESS has relocated all of its plants in the United States to Weifang, Shandong; a subsidiary of LANXESS --- Rhein Chemie in Mannheim, Germany. , to double its capacity in Qingdao's new plant polymer chemical products.
In addition to production plans, LANXESS will also strengthen its technological superiority in China. At present, LANXESS's industrial rubber product division has established a technology center in Shanghai. Prior to this, LANXESS had the largest leather R&D center in Asia in Wuxi.
LANXESS's extensive expansion plan in China first focused on its talent pool. With 590 employees in China, LANXESS plans to add 250 jobs in 2006. Dr. He Deman emphasized: “The talent we choose in China has a good foundation. The development of LANXESS business will benefit from these outstanding talents. For those Chinese employees with development potential, we will try to provide more training abroad. opportunity."
It is reported that by the end of 2006, many of Lanxess's major chemical development plans will be gradually implemented. Dr. He Deman explained that LANXESS is one of the first foreign companies to set up a joint venture in China to produce rubber antioxidants. The new rubber antioxidant production plant will be built in Tongling, Anhui Province. In addition, LANXESS is building in Wuxi. A brand-new factory for the production of high-tech engineering plastics, with a total investment of approximately 20 million euros, will be put into production in the spring of 2006 for the first phase of the expansion project; Weifang Yaxing Chemical Co., Ltd., a joint venture established in Weifang, Shandong Province, will Sheng has become a leading supplier of hydrazine hydrate in China's chemical industry. As an important part of the joint venture, LANXESS has relocated all of its plants in the United States to Weifang, Shandong; a subsidiary of LANXESS --- Rhein Chemie in Mannheim, Germany. , to double its capacity in Qingdao's new plant polymer chemical products.
In addition to production plans, LANXESS will also strengthen its technological superiority in China. At present, LANXESS's industrial rubber product division has established a technology center in Shanghai. Prior to this, LANXESS had the largest leather R&D center in Asia in Wuxi.