Issue Date: March 12, 2007
Lanxess Will Make Lube Additives In China
Lanxess plans to build a lubricant additives facility in Qingdao, China, at a cost of less than $10 million. The plant will employ about 50 people when it starts up in late 2008 at an existing site of the firm's Rhein Chemie subsidiary. In Qingdao, Rhein Chemie and a joint-venture partner now employ about 160 people in the production of rubber additives. Lanxess says the lubricant additives facility will allow it to participate in China's 4.4 million-metric-ton-per-year lubricants market, which is four times larger than the German market.
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