China's growing market for specialized chemicals such as tires and leathers has begun to gain popularity in the chemical industry in the world. Unlike earlier all-round and large-scale investment behavior, the current booming chemical investment boom is increasingly developing in depth and professionalism.
Germany's third and Europe's sixth largest chemical giant LANXESS announced today in Shanghai that it will take the Chinese tires, leather and other specialty chemical markets as its breakthroughs and step up its steps into the Chinese chemical market. Wen Haohui, a board member of LANXESS, said that LANXESS hopes to explore new markets or consolidate its market position through different modes of operation, while avoiding a large amount of concentrated investment.
It is reported that Lanxess' investment in China will focus on rubber chemicals and leather chemicals, and the launch of its rubber anti-aging agent in China will also make LANXESS the first foreign company to produce rubber antioxidants in China.
According to industry insiders, China’s gaps in certain specialized chemical fields provide a huge opportunity for companies that have entered this market relatively late to use this as a breakthrough point to avoid head-on conflicts in terms of scale and scope of business. New economic growth point has come. The early market development through different management methods and business fields will provide a new investment model for the next phase of foreign investment.