Investment strengthens supply chain resiliency in Asia, USA and Europe.
Lanxess is expanding its production capacity for light-color aminic antioxidants at its Taiwan site by several kilo tons. The specialty chemicals company is investing an upper single-digit million Euro amount to expand its facility in response to growing demand in APAC and further regions. The additional volumes are expected to be available by end of 2022.
“We have seen rapid market growth in aminic antioxidants in the recent months and years,” says Martin Saewe, head of Lanxess’s Lubricant Additives Business. “With our strategically located assets in Canada, Italy and Taiwan and our backwards integration into the key raw material, we stand for supply resilience in the industry. We intend to use the additional capacity to strengthen our market position and to grow with our customers.”
Lanxess markets its aminic antioxidants under the brand name Naugalube. The investment at its Taiwan site will support globally harmonized specification of its flagship product Naugalube 438L. All sites will produce the antioxidant in light color. The liquid antioxidant is used in a broad range of transportation and industrial lubricants.
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