Media365
As India gears up to scale up manufacturing, German specialty chemicals major LANXESS has announced the opening of its India Application Development Center (IADC) at Thane, Mumbai to provide India centric solutions to its industrial customers.
With this the company is now eying to double its revenue from India in a few years.
The center, taking up an entire floor at LANXESS House, serves as a hub for two businesses with capacity for future expansion. The centre was on Tuesday inaugurated by Matthias Zachert, Chairman of the Board of Management of LANXESS AG.
“India is a critical growth region for LANXESS, offering immense opportunities for collaboration and innovation,” Mr Zachert said.
“The new application development center represents our commitment to delivering solutions tailored to the needs of our local customers while driving organic, innovation-led growth. This important milestone for India coincides with our 20th anniversary as a company: an opportunity to celebrate twice,” he said.
In a first step, the centre will integrate expertise from two businesses in India: Lubricant Additives (high-performance additives and additive systems, synthetic base fluids and ready-to-use lubricants) and Material Protection Products (antimicrobial, disinfection, and preservation solutions).
“By establishing the IADC, we are bringing our expertise closer to our Indian customers. This center will not only support innovation but also strengthen our ability to address evolving market trends with speed and precision,” Namitesh Roy Choudhury, Vice Chairman & Managing Director at LANXESS India, said.
The establishment of the IADC aligns with LANXESS’s transformation into a specialty chemicals company, focusing on less cyclical business areas and solutions for critical applications such as sustainable mobility or consumer protection, the company said.
In India, the company has 10 business units and employs 800 people. It has two production hubs: one in Jhagadia, Gujarat, focusing on Rhein Chemie, Liquid Purification Technologies, and Material Protection Products, and another at Nagda, Madhya Pradesh, which specialises in Flavors & Fragrances.
Published – February 18, 2025 09:27 pm IST
