SICHUAN TELOS NEW MATERIAL TECHNOLOGY CO., LTD , https://www.kenlarcutters.com
New facilities ensure LANXESS supplies raw materials
Dr. Rainier van Roessel, member of the company's management board responsible for LANXESS's Asia Pacific operations, said: "This acquisition is another major step in LANXESS's Asia strategy. This strategy is based on our commitment to the Asia Pacific market. Currently LANXESS has established a favorable position in this market. The acquisition of the Jinshan Pigment Manufacturing Plant has consolidated the global market position of the LANXESS Inorganic Pigments Business Unit. Through this acquisition, LANXESS can also ensure that it is located in Shanghai. The pigment mixing plant supplies raw materials so that it does not have to rely on local suppliers.
With the vigorous development of China's construction industry, the market demand for LANXESS Inorganic Pigments Business Unit products has grown rapidly. It is predicted that the growth rate of this business unit will remain at around 5% in the next few years, especially in Asia. The most important customers for its pigment products come from the construction industry, followed by customers in the paint and coating industry, plastics and paper industry.
Jinshan: China's most advanced iron oxide pigment factory
Jinshan Production Plant has been producing yellow iron oxide pigments since 2007, with a total capacity of 30,000 tons per year. Half of the production capacity of this production plant has been absorbed by LANXESS. This production plant is one of the largest iron oxide pigment production plants in China. It also uses the world's leading and environmentally friendly production process.
The LANXESS Inorganic Pigments Business Unit is one of the world's leading manufacturers of iron oxide pigments. Its production facilities in the United States, Brazil, Australia, Asia and Europe produce approximately 300,000 tons of iron oxide and chromium oxide pigments each year. LANXESS also operates the world’s largest iron oxide pigment production plant with production facilities in Krefeld, Germany, Burtfeldts, Brazil, and Jinshan, China. At present, the number of employees of the business department in China is about 350.
The LANXESS Inorganic Pigments Business Unit is part of the High Performance Chemicals Business Unit, which had total sales of 1.97 billion Euros in 2007. In 2007, sales of LANXESS Corporation totaled approximately 6.61 billion Euros. At present, LANXESS has approximately 15,200 employees worldwide and is located at 44 production sites in 21 countries.
Lanxess Successfully Acquires China's Largest Iron Oxide Pigment Production Plant
Shanghai, June 26, 2008 – LANXESS, a global leader in specialty chemicals, is expanding its inorganic pigment business operations in Asia through its first M&A project in China. Jinzhuo Chemical Co., Ltd. was once a partner of LANXESS. LANXESS will acquire two iron oxide pigment production facilities in the Jinshan area of ​​Shanghai. Since 2007, LANXESS has leased one of them. Through this acquisition, LANXESS will increase its global inorganic pigment production capacity by 5%. Both parties to the transaction agree not to disclose the amount of this transaction.