Economic Watch: German chemicals company expands China investment with tech upgrade


QINGDAO, Nov. 11 (Xinhua) -- German specialty chemicals company LANXESS on Tuesday celebrated the capacity expansion of its Qingdao production base, a move to meet rising demand for rubber additives in China.

The upgrade increases its capacity for two production lines by 50 percent each, according to Michael Rockel, CEO of LANXESS Greater China. The site's total annual output will rise from 25,000 tonnes to 30,000 tonnes.

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