LANXESS to build new pigment plant in China

LANXESS is expanding its global production network for inorganic pigments in China. A new high-tech facility for premium iron oxide red pigments is being constructed at the Ningbo Chemical Park on the Chinese East Coast. The plant, with highly modern environmental standards, will initially have an annual capacity of 25,000MT. The investment of about EUR 55 million ($74 million) will create 150 new jobs. Construction will begin in the second quarter 2013. The production startup is scheduled for the first quarter of 2015. The megatrend urbanisation has created an increasing demand for high quality, sustainably produced pigments throughout the world. Ningbo, located in the coastal province of Zhejiang, is China’s second largest cargo port. The location for the new plant is the Ningbo Petrochemical Economic & Technological Development Zone (NPEDZ). www.lanxess.com