Lanxess Aims to Strengthen R&D Capabilities in Fast-Growing Market

Lanxess says it aims to develop China as an R&D and innovation hub. The company’s Chinese headquarters are in Shanghai, and it has 830 employees in China, more than 90% of whom are native Chinese, the company says. Breuers: Seeking sustainable success. China was the fastest-growing market for Lanxess in 2007, accounting for $600 million of sales, 6% of Lanxess’s total, and about one-third of Lanxess’s sales in Asia/Pacific, the company says. “To enable sustainable success, we need to ensure that our product development efforts are...

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