Lanxess Expands its Inorganic Pigments Plant in China
Published By : 16 Sep 2014 | Published By : QYRESEARCH
Lanxess is in the process of strengthening its mixing and milling plant to the pigment industrial plant in Ningbo. Lanxess aims to expand its chemicals production plant in China in order to meet the growing requirements for iron oxide pigments across the region.
Laxness, a German based plant specializing in chemicals has decided to add a mixing and milling plant to the pigment industrial facility in Ningbo, China. The plant is already under construction and has begun its production network to meet rising demands from plastics, coatings, paper, and construction industries in the country. The total investment at the plant site is approximately Euro 55 million to about Euro 60 million.
A new plant in Ningbo for iron oxide red pigments is built with environmentally friendly standards, completely designed for a synthesis capacity of 25,000 metric tonnes. However, on the same plant site, Lanxess is building a plant worth an annual capacity of 70,000 metric tonnes. This plant by Lanxess will also process raw pigments just like its other sites present in the Asian market.
Lanxess plants are planned to be completed by the fourth quarter of the year 2015 and will begin its production in 2016, first quarter. Meanwhile, Lanxess plans to close its other existing mixing and milling facility operations worth an annual capacity of 35,000 metric tonnes in Taopu, Shanghai by the end of the year 2016.
The global demand for production of iron oxide is increasing at an annual rate of three percent. Hence, Lanxess’s decision to expand its plant in Ningbo is based on the global demand for these chemicals. In addition to the Jinshan/Shanghai plants based in China, Lanxess now has developed another strong base in China in the aim to double its milling capacities in the country.
The company intends to strengthen its world-leading position as iron oxide pigment manufacturers offering a broad-range of product portfolio to their customers, informed head of the IPG (Inorganic Pigments) business unit, Jorg Hellwig at Lanxess.