Lanxess details plans for pigment plant in Ningbo

Rebecca Kanthor
PLASTICS NEWS CHINA

Published: May 20, 2013 12:19 pm ET
Updated: May 21, 2013 11:34 am ET

Related to this story

Topics Materials, Materials Suppliers, CHINAPLAS

GUANGZHOU, CHINA — Specialty chemicals company Lanxess elaborated on its plans to build a red iron oxide pigment plant in Ningbo, at a news conference just before Chinaplas.

The company will invest 55 million euros (US$70.6 million) in the plant, which will have annual capacity of 25,000 metric tons. Construction will start in the second quarter, and production is scheduled to start in the first quarter of 2015. The plant will employ 150.

The new plant, in the Ningbo Economic and Petrochemical Development Area, will add to the company's current capacity of 40,000 metric tons of production in China at the company's Shanghai facilities, said Wolfgang Oehlert, vice president for the inorganic pigments business unit for Asia Pacific.

Chien Ming Cheng, CEO of Lanxess Greater China said: "We have a very positive take on the Chinese market and will take great strides in this direction while exploring new opportunities."

Products produced in Ningbo will be mostly for the China market.

"We see an increasing demand with the urbanization with the mobility with these mega trends for high quality products here in China and this is the market we want to serve in the future," Oehlert said.

The products Lanxess is showing this year at Chinaplas are an introduction to some of the products that the Ningbo plant will produce, including high-temperature-stable red, yellow and black pigments.

Oehlert said that the sustainability factor of the new facility is of utmost importance to the company, claiming that it will be an almost zero-emission factory. "We will be spending more than 30 percent of our investment on environmental production facilities, including waste water treatment, waste gas treatment, and solid waste recovery," he said.

He said the company hopes the factory can serve as a blueprint for future facilities around the world.


Comments

Lanxess details plans for pigment plant in Ningbo

Rebecca Kanthor
PLASTICS NEWS CHINA

Published: May 20, 2013 12:19 pm ET
Updated: May 21, 2013 11:34 am ET

Post Your Comments


Back to story


More stories

Image

BASF pre-tax earnings rise, but will miss financial targets for 2015

October 24, 2014 10:16 am ET

BASF SE has raised its expectations for pre-tax earnings in 2014 but warned that it would not hit its financial targets for next year.    More

Image

Sabic, Shell cancel expansion for SADAF joint venture in Saudi Arabia

October 24, 2014 9:19 am ET

Saudi Basic Industries Corp. and Royal Dutch Shell have cancelled plans to expand an existing petrochemical joint venture in Saudi Arabia following...    More

Image

Sadara CEO says Middle East now has 20 percent of global ethylene capacity

October 24, 2014 9:33 am ET

Sadara CEO Ziad Al-Labban claims that the Middle East's ethylene capacity is now 20 percent of global production.    More

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    More

Image

Westlake adding ethylene capacity in Louisiana

October 23, 2014 9:54 pm ET

Westlake Chemical Corp. will add 250 million pounds of annual ethane-based ethylene capacity as part of a $330 million expansion project in Lake Charl...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events