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German speciality chemicals company, Lanxess has just started piling for a premium iron oxide red pigments facility in Ningbo, China.
The company is investing €55M in the plant, which will have an initial capacity of 25,000t/yr. New red iron oxide pigments will be introduced to the global market in Q1, 2015 and 150 jobs will be created in Ningbo.
At the site in the Ningbo Chemical Park, the construction of the foundation for the future production and administrative buildings has begun. Almost 2000 piles will be set to support the buildings’ foundation.
"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 yellow shaded red pigments worldwide under its brand Bayferrox.
Ningbo is China’s second largest cargo port and home to China’s largest terminal for liquid chemicals.