LANXESS Wuxi plant may raise further expansion capacity
04 May '06
3 min read
Building of Lanxess Wuxi Chemicals Co
”We are a development partner and supplier to the injection molding industry – a sector that is increasing its presence in China to serve the automotive and electrical markets there. We offer our customers individually tailored solutions. In doing so we occupy a high-quality market segment outside the mass market”, said Dr. Hubert Fink, head of the SCP Business Unit.
India is an important development market for the future of textile processing chemicals maker LANXESS Deutschland GmbH. The seventh-largest country on earth is also the world's fastest-growing end consumer market – in all industries.
The dramatic increase of consumption to be expected in India will result in a massive growth of chemicals production sites for raw materials and intermediate products.
India's most important areas in this respect are the automotive, electrical and electronics, tire and leather industries, providing currently for more than half of the company's total turnover.
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