German specialty chemicals company Lanxess has opened a new office in Chengdu to further strengthen its position in China’s growing western region.
“The growing urbanization and mobility trend in the western region offers great development potential for our business. Chengdu, as one of the most important economic and transportation centers in western China, provides a good gateway to the vast western market,” said Martin Kraemer, CEO of Lanxess Greater China. The infrastructure construction in the area including railways, buildings and roads has been in the full swing with large investments from the government, leading to great demands for chemicals.
Spurred by the fast economic expansion and increasing wealth in the western region, automobile industry is developing rapidly. Industry experts expect that western China will be the new growth momentum for the auto industry while major auto makers and auto parts companies have already moved to invest in the region to build plants. In particular, Chengdu targets at production capability of 1 million cars by 2015 and 1.25 million cars by 2020.
“The Chengdu office will also strengthen our position in China by expanding our footprints on the map. Wherever our customers are, we will be there to serve them and respond to their needs more quickly,” added Mr Kraemer.