ERJ staff report (DS)
Beijing, China -- Lanxess AG expects sales of low-rolling resistance car tyres in China to increase from practically zero today to 50 percent of the market by the year 2020. China is the world's largest car market and demand for car tyres (whether 'green' or not) is expected to rise by nine percent per year in the coming years. Around 400 million car tyres are produced in China each year - one-third of global tyre production.
The announcement was made at an event on the eve of the Lanxess Rubber day in Beijing tomorrow (2 December). At the same time, Lanxess CEO, Axel Heitmann said Lanxess expects group sales in China to exceed euro 1000 million in 2012.
The China Petroleum and Chemical Industry Federation (CPCIF) is the partner for Rubber Day China. The conference is also supported by the two Chinese industrial associations for rubber and synthetic rubbers, the German Institute of Rubber Technology (DIK), Beijing University of Chemical Technology and Qingdao University of Science and Technology (QUST). Around 350 representatives from business, academia, the media and local authorities will take part in the event, along with the German Ambassador to China, Dr. Michael Schaefer.
On the sidelines of the Rubber Day, Lanxess and the University of Qingdao are set to sign an agreement to extend their partnership, which has been in place since 2008. The primary aim of the individual agreements concluded by the Lanxess business units Technical Rubber Products and Butyl Rubber is to extend partnerships, with a view to supporting particularly talented students. Qingdao University is the center of rubber research in China.
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Press release from Lanxess