Milestones in 2008:

February - LANXESS is set to make the biggest single investment in its history in Singapore. A new chemical production site for synthetic rubber is to be built at the chemical park on Jurong Island. LANXESS has earmarked a record amount of EUR 400 million for this investment.

June  – LANXESS makes its first acquisition in China. With the take-over of the iron oxide plant in Jinshan near Shanghai, LANXESS is acquiring one of the largest and most state-of-the-art-facility for pigments in China and becomes independent on local suppliers. 

July - LANXESS opens a new Rubber Research Center (RRCQ) in Qingdao, Shandong Province. Established in close cooperation with Qingdao’s University of Science and Technology (QUST), the world-class research center is located within the university’s vicinity.

July - LANXESS opens the new China headquarters in Shanghai.

July - For the second consecutive year, LANXESS brings one of the best youth orchestras to China as part of the “LANXESS young.euro.classic China Tour 2008.