Lanxess, the specialty chemicals manufacturer, is investing more than €40 million in China, mostly in the leather industry. A €30 million leather chemicals plant started construction last month in Changzhou, Jiangsu province, that will be able to produce 50,000 tonnes per year and that is expected to operational in the first half of 2013. It will have up-to-date technology and be environmentally friendly, and should create 150 jobs. Lanxess considers China to be a pillar of its mid-term growth strategy, and notes that it is one of the fastest-growing markets in Asia. Other industries Lanxess is expanding in China are plastics and beverages.

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