German specialty chemicals company Lanxess has just started piling for a premium iron oxide red pigments facility in Ningbo, China.
The company is investing about 55 million euros in the plant, which will have an initial capacity of 25,000 metric tons annually. At the Lanxess site in the Ningbo Chemical Park, the construction of the foundation for the future production and administrative buildings has begun. Almost 2,000 piles will be set to support the buildings’ foundation.
Lanxess expects the new red iron oxide pigments to be introduced to the global market in the first quarter of 2015.”The plant expands our global production network for inorganic pigments and enhances Lanxess’ position as a leading supplier of sustainable pigments with outstanding properties and performance. It also further complements our product portfolio and allows us to be better positioned to meet the growing market demand not only in China, but globally,” said Joerg Hellwig, Head of Lanxess’ Inorganic Pigments business unit.
The company will market the new yellow shaded red pigments worldwide under the brand Bayferrox. Key customers are manufacturers of paints and coatings. Furthermore, the construction and plastics industries will be supplied. The production site is located at the Ningbo Petrochemical Economic & Technological Development Zone. The city is China’s second largest cargo port and home to China’s largest terminal for liquid chemicals.
Lanxess already operates one of China’s largest plants for inorganic pigments in Jinshan, Shanghai. This plant has an annual capacity of 38,000 metric tons of iron oxide yellow and black pigments each year.”We see an increasing demand for high quality pigments in China driven by the urbanization megatrend. The Inorganic Pigments business unit will continuously invest in providing premium products for local customers to participate in the growth here.
At the same time we are always focusing on producing our pigments in the most environmental friendly way,” said Wolfgang Oehlert, Head of Lanxess Inorganic Pigments business unit in the Asia Pacific region.Lanxess Inorganic Pigments (IPG) business unit today has an annual capacity of more than 350,000 metric tons.
Source: http://www.adsalecprj.com/Publicity/MarketNews/lang-eng/article-67006291/Article.aspx
