Lanxess to build pigment plant in China

Lanxess says it will invest about 55 million euros ($74 million) to construct a new high-tech facility for iron oxide red pigments at the Ningbo chemical park, on the Chinese east coast. The plant will initially have a production capacity of 25,000 m.t./year, and will create 150 new jobs. Construction will begin in the second quarter of 2013, and production is expected to start in the first quarter of 2015. The megatrend urbanization has created an increasing demand for high-quality, sustainably produced pigments throughout the world, Lanxess says. Lanxess will...

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