Lanxess Invests in Lubricant Additives Plant in China

Lanxess says it will build a new plant at Qingdao, China to manufacture lubricant additives. The facility will be run by Lanxess’s subsidiary Rhein Chemie, will start up at the latest in the fourth quarter of 2008, Lanxess says. It will initially employ 50 people. The investment will be in the single-digit millions of dollars range, Lanxess says. Rhein Chemie will focus on manufacturing customized additive formulations for lubricants that will be sold under the brand name of Additin. The lubricants market in China is about 4.4 million m.t./year and expected...

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