Lanxess to build Chinese iron oxide red pigments plant
Specialty chemicals company Lanxess is investing €55m to build an iron oxide red pigments plant in Ningbo, Zhejiang, China.
The company will also market the yellow shaded red pigments under the Bayferrox brand for manufacturers of paints and coatings.
The plant, the construction of which will begin on seven hectares in the second quarter of 2013, will be further expanded on a plot of similar size, claims the company.
Lanxess board management member Rainier van Roessel said the new investment underlines the company's position as a key supplier of products for the megatrend urbanisation, which has created an increasing demand for high quality, sustainably-produced pigments throughout the world.
The plant is expected to begin its production in the first quarter of 2015.
Lanxess inorganic pigments business unit head Joerg Hellwig said: "In addition, the new plant will strengthen our global production network of existing plants in Germany, China and Brazil."
The company also has an iron oxide pigments plant in Jinshan, Shanghai, China, which produces 38,000 metric tonnes (mt) of iron oxide yellow and black pigments each year.