Lanxess taps Hong Kong for new plastics development center

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: April 19, 2013 11:34 am ET
Updated: May 9, 2013 9:10 am ET

Related to this story

Topics Materials, China, Materials Suppliers, K 2013

HONG KONG — German specialty chemicals and plastics maker Lanxess AG said April 18 that it has opened an application development center for plastics in Hong Kong's Science and Technology Park.

The center will serve as a hub for application development in Asia-Pacific and India for the company's High Performance Materials business unit, and will complement its existing research and development center in Wuxi, Jiangsu province.

In particular the Leverkusen, Germany-based company said it hoped the center would help it better target automotive industry applications such as light weighting.

"High performance plastics play a vital role in the green mobility megatrend by reducing auto weight and fuel consumption as lighter alternatives to metals," said Christof Krogmann, vice president Asia Pacific for the High Performance Materials business unit, in a statement.

"With our technology know-how, expertise in lightweight solutions as well as high performance Pocan and Durethan products, we are committed to driving the automotive industry towards a greener future," he said.

He said the Hong Kong Science Park has 300 high-tech companies and universities on its campus, and that creates opportunities for Lanxess to partner in new scientific development. The park was named the science park of the year for 2012 in Asia by World Finance magazine, Lanxess said.


Comments

Lanxess taps Hong Kong for new plastics development center

By Steve Toloken
Staff Reporter / Asia Bureau Chief

Published: April 19, 2013 11:34 am ET
Updated: May 9, 2013 9:10 am ET

Post Your Comments


Back to story


More stories

Image

Keep up with China's rapid changes

July 31, 2014 10:33 am ET

In many ways, 1989 was a very special year in history. Plastics News was launched in Akron. Half a world away, China was trying to carry on economic...    More

Image

Styrolution will open new production late 2014

July 30, 2014 12:54 pm ET

Germany-based styrenic materials group, Styrolution, has announced it is expanding its facility in Ludwigshafen, Germany.    More

Unipex Group buys Ferguson Chemical Innovation

July 29, 2014 1:57 pm ET

Chemical distributor Unipex Group Inc. announced July 29 that it had purchased Ferguson Chemical Innovation, a Brampton, Ontario-based supplier of...    More

Image

Carbon black supplier Orion begins trading on NYSE

July 29, 2014 11:29 am ET

Orion Engineered Carbons S.a.r.l. has priced the initial public offering of 19.5 million common shares at a price to the public of $18 per share.    More

Image

Dow sees solid second quarter performance

July 29, 2014 11:19 am ET

Dow Chemical Co. has reported its second quarter figures, with its seventh consecutive quarter of growth, according to the company.
More

Market Reports

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events