Issue Date: May 20, 2013
Expensive Site Makes Sense For Lanxess
In Hong Kong, one of the world’s most expensive cities, chemical firm Lanxess has opened a facility for testing car parts made with its engineering plastics. The center supports automakers and their parts suppliers throughout Asia—from Japan to India.
The choice of Hong Kong is surprising. Chemical companies generally locate their technical support centers near their customers’ operations. However, Hong Kong has no auto industry, and other manufacturers decamped long ago to mainland . . .
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