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April 17th, 2008
German chemicals group banks on green
German specialty chemicals group Lanxess has said it is banking on growing demand for more environmentally friendly products and systems solutions in China, its most important market in Asia.
"Sales of our green premium products in China have risen significantly in the past 12 months. We expect this trend to continue and to have a positive impact on our business here," said Axel Heitmann, chairman of the Lanxess board.
Growth of the company's green business could double the rate of the overall market growth in China. "We will focus increasingly on green chemistry products in our portfolio," said Heitmann.
The company already has a wide range of environmentally friendly products and systems solutions. Its semi-crystalline products and technical rubber products business units are helping to reduce the weight of automobile components, enabling the construction of fuel-saving cars with lower CO2 emissions.
The company's newly developed special-purpose rubber based on nanotechnology can reduce abrasion in tires while reducing fine dust formation and increasing mileage.
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