News

News

2017-09-21

Quality Performs

LANXESS Participated in the 18th China International Lubricants and Technology Exhibition Booth No.: A010 Hall 4. Time: Sept. 21-23, 2017

September 21st, 2017, Shanghai –The 18th China International Lubricants and Technology Exhibition, short as Inter Lubric China, opens in Beijing. The Additives business unit of the specialty chemicals company LANXESS showcases its comprehensive range of products for the lubricants industry.


LANXESS has adjusted its business structure after the acquisition of Chemtura in April this year. The acquired businesses of lubricant additives and flame retardants have been organized into LANXESS’ Additives business unit.


Medium-sized markets, a  more balanced product portfolio, stability and profitability are the key words for LANXESS’ development over the past few years. LANXESS expects a medium-term growth of 3 to 4 percent annually for the industrial lubricant additives market, driven primarily by the increasing demands lubricants have to fulfill in terms of performance requirements and environmental compatibility. This makes the lubricant additives field a promising business with high potential.


“We are now one of the leading suppliers of lubricants additives and possess an integrated value chain offering a wide range of products to the market,” explained Hak Leong Chok, Executive Vice President Sales APAC BU Additives. “Now we are integrating the businesses and by doing that creating a team with a vast range of experience covering the whole value chain of the lubricant industry. In addition, our two Application Development Centers in Nanjing and Qingdao in China continue to provide quality, value added solutions and services to existing and new customers, adhering to the principle of ‘Quality Works’.”


Modern passenger car engines require new engine oils that minimize friction and provide higher lubrication to achieve higher fuel efficiency and  further extend engine life. Lubricant specifications continue to become more rigorous while at the same time engines are required to deliver more power over a longer period of time and distance without an oil change. These conditions set the framework for the need for high performance lubricant additives. And the market is growing. Last year, the sales of lubricants in China reached 6.4158 million tons with an YOY growth of 5.4 percent, which is the first positive increase in the past five years. In addition, the rapid growth of vehicle inventories has no doubt sent out a positive signal to the upstream and downstream through the lubricants industrial chain.


It is reported that LANXESS will be expanding its “Manufacturing Excellence” initiative to the previous Chemtura production sites to further optimize their processes and technologies. Furthermore, the combined purchase volume of both companies for raw materials of about EUR 2.5 billion can be reduced by harmonizing supply contracts and increasing backward integration. Additional savings can be realized in the area of transportation and logistics.


The Additive business unit will highlight its cutting-edge base stock technology ELEVANCE ARIA™ WTP- 40 at the exhibit. This technology combines the advantages of two synthetic materials, esters and poly-α-olefins. It thus gives birth to a high performance macromolecule that exhibits improved properties including less friction and abrasion, a thicker oil film in boundary lubrication, less foaming tendencies and better solubility of additives.


For the technically versed audience it might be worth mentioning that Dr. Cyril Migdal, Director of Global Application Technology, Lubricant Additives Business at LANXESS, will deliver a presentation with the title “A Study on Time-Dependent Tribology Properties and the Relationship to Engine Tests” at the 2017 China Lubricants Development Summit held on Sept. 20th. He will talk about the new organic products for friction improvement from LANXESS’ lubricants additives business. After durability testing under high temperature conditions in the next-generation engine oil and the VIE engine test, it is found that this product can significantly reduce friction. Even more so, the improvement can be retained after ageing which will enable the next-generation engine oil to support long term fuel efficiency.


As the most professional, authoritative and largest international exhibition in China’s lubricant industry, China International Lubricants and Technology Exhibition (Inter Lubric China) is being regarded as the flagship for the China lubricants industry and thus a must-attend annual major event for domestic and international lubricant professionals. 

 

About LANXESS

LANXESS is a leading specialty chemicals company with sales of EUR 7.7 billion in 2016 and about 19,200 employees in 25 countries. The company is currently represented at 75 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.

 

LANXESS China

On Jan. 31, 2005, LANXESS AG was initially listed on the Frankfurt Stock Exchange, and its subsidiary LANXESS Chemical (China) Co., Ltd. officially began operations. Today, LANXESS has 17 subsidiaries including 3 joint ventures, 9 production sites as well as 9 R&D centers with about 1,900 employees in Greater China. LANXESS works closely with its local partners to develop market-oriented solutions that meet local market needs.

 

Forward-Looking Statements

This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.

 

Information for editors:

All LANXESS news releases and accompanying photo, video and audio materials can be found at http://www.lanxess.cn, http://www.weibo.com/lanxess, or LANXESS’ official WeChat account: LANXESS_china

Contact

Xiao Aoshuang

Xiao Aoshuang
Corporate Communications

Phone: +86 21 6109 6666
Fax: +86 21 6109 1427

Yu Fiona

Yu Fiona
Corporate Communications

Phone: +86 21 6109 6666
Fax: +86 21 6109 6717