Home / Knowledge / News / LANXESS steps up its commitment to sustainable growth
LANXESS steps up its commitment to sustainable growth
21
May '11
Along with the markets in India and Brazil, the Chinese market is a pillar of LANXESS' long-term growth strategy. Based on its success in these countries, the specialty chemicals group has set a target EBITDA pre exceptionals of EUR 1.4 billion for fiscal 2015.

“We are confident that we can achieve this goal because our business is so well aligned with the megatrends that are apparent here in China and across the globe,” explained LANXESS Greater China Country Representative Martin Kraemer to journalists at a press conference held in Guangzhou on May 17, 2011, in conjunction with Chinaplas 2011.

LANXESS' Semi-Crystalline Products, Inorganic Pigments and Functional Chemicals business units are showcasing their latest developments at this event, one of the leading trade fairs for plastics and rubbers in Asia.

Trend toward urbanization and mobility drives growth
In his presentation, Kraemer made particular reference to two megatrends that are boosting the demand for customized products from LANXESS. One is rapidly increasing urbanization and the other fast-growing mobility. For example, LANXESS supplies highly effective phosphorus-based flame retardants that are used in China's booming construction industry in products such as flame-retardant spray coatings and polyurethane slab foam.

The automotive industry in China and other countries, meanwhile, benefits from the high-tech polyamides and polybutylene terephthalates (PBTs) Durethan and Pocan. “We work hard to be at the cutting edge of the innovative, high-tech plastics technology that is making cars lighter and more fuel-efficient,” said Kraemer.

Lightweight construction with nylon composite sheet hybrid technology
The majority of the innovations that are being presented by the Semi-Crystalline Products business unit at Chinaplas are intended for the automotive and electrical/electronics industries. One example is the use of nylon composite sheet instead of metal in the plastic/metal composite technology (hybrid technology) that achieves significant weight savings in components such as the front end of the Audi A8.

Polyamides for newer engine concepts are a further focus of attention. For instance, a very soft Durethan polyamide 6 grade can be used to produce charge air tubes with integrated bellows in a cost-effective single-material extrusion blow-molding solution.

LANXESS is a leading specialty chemicals company with sales of EUR 7.1 billion in 2010 and currently around 15,500 employees in 30 countries. The company is at present represented at 46 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

LANXESS AG

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Courtesy: Brook Brothers

Apparel/Garments | On 29th May 2017

America's Brooks Brothers added to CLiQ

Tata CLiQ Luxury, Tata group’s multi-brand, luxury e-commerce...

Interviews View All

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search