LANXESS To Expand Production for Polyamides and PBT in China
On November 2021, Cologne-based German specialty chemicals company LANXESS AG release a statement to expand its production network in China. The specialty chemicals company will build a second augmented line for Durethan-and-Pocan branded high-tech engineering plastics at its subsidiary manufacturing site in Changzhou China. An estimated investment of around USD 34 Million will escalate the production capacity by 30,000 metric tonnes per year. Together with the company’s existing facilities in Changzhou and Wuxi will bring the total compounding capacity in China to 110,000 metric tonnes per year. The new line is anticipated to go stream in the first quarter of 2023. LANXESS is a leading specialty chemicals company with sales of USD 6.91 Billion in 2020. It expanded its operations in 33 countries across the globe and the core business of LANXESS is the development, manufacturing, and marketing of chemical intermediates, additives, specialty chemicals, and plastics. The expansion caters...