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LANXESS Group, the world's leading synthetic rubber producer, recently held the first "China Rubber Day" in Macau, China. In his welcoming remarks, President of LANXESS Group He Deman mentioned that China has become the world's largest manufacturer of automobiles and tires.
It is reported that compared with 2008, the sales volume of the Chinese tire market is expected to increase by 4 times in 2019. In May 2010, LANXESS invested US$50 million in the construction of a nitrile rubber (NBR) plant in Nantong, Jiangsu Province to supply high-quality nitrile rubber for the fast-growing Chinese consumer market. Not long ago, LANXESS invested 400 million euros in the construction of a butyl rubber plant in Singapore. The plant will also serve the Chinese market. In addition, LANXESS invests US$16 million to set up an R&D center in Qingdao, Shandong Province, and works closely with Qingdao University of Science and Technology to develop high-quality, environmentally-friendly products, commercialize innovative inventions, and train personnel with advanced technical expertise to meet Chinese consumption. Market demand.
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