Lanxess sets up rubber chemicals joint venture in China

Shanghai, China-With Lanxess AG’s new joint venture, it intends to be the first western player to make antioxidants for the rubber industry in China.

The new company-Anhui Tong Feng Shengda Chemical Co. Ltd-is a three way venture between Lanxess, Xinda, an established chemicals manufacturer, and Anhui, an investment company.

The JV, in which Lanxess has a minority share, will start production in the second half of 2006 in an industrial park in Tongling, Anhui Province, said a statement from the Leverkusen-headquartered rubber and chemicals producer….

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