Lanxess open to specialty chemical production, R&D in Korea

Lanxess, a German specialty chemicals company spun off from Bayer in 2005, did not rule out the possibility of establishing production and research facilities in Korea, which it regards as one of its most important markets, the company said Wednesday. “I don’t want to exclude (the possibility),” Lanxess management board member Hubert Fink told Korean reporters during a press conference in Seoul celebrating the company’s 20th anniversary. “At a certain point in time, we will also have our R&D facilities and maybe also our production facilities here in Korea.” Although Lanxess has supplied its specialty chemicals to Korean companies in various sectors ranging from semiconductors and batteries to construction, shipbuilding and cosmetics, it has so far operated only a local subsidiary employing around 40 people, most of whom handle sales. Of its 11,800 employees across 32 countries, most in Asia work in China and Taiwan, where the company runs factories. Its Asia-Pacific headquarters is located in Shanghai. “As of today, we are not producing in Korea, but we are working here wiWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times