Hanover, Germany – Moves by the Beijing government to tackle the country’s pollution crisis could lead to a major shake-out within the Chinese chemical sector, according to Dr Anno Borkowsky head of Rhein Chemie Additives, a business unit of Lanxess.
“In China, the government is now finally taking a real stance against the pollution threat. There will for sure be a lot of companies disappearing,” Borkowsky told ERJ at the recent Tire Technology Expo 2016 in Hanover.*
The clamp-down in China presents an opportunity for Western chemicals suppliers, as their competitors could disappear, but also holds risks due to the potential loss of important suppliers.