2014-05-09

LANXESS inorganic pigment product wins Ringier Technology Innovation Awards

May 9, 2014, Shanghai – LANXESS Bayferrox® 303 T has won the 2014 Ringier Technology Innovation Awards for the Coating Industry for its extreme heat stability and low flocculation behavior.

 
This is the second time LANXESS Inorganic Pigments business unit has been honored for this award after its Colortherm® Yellow 10 Pigment was awarded in 2011.

“We feel honored to receive this award again. As a leading player in the inorganic pigments industry, we are committed to developing innovative technology and supporting customers with premium products,” said Rafael Suchan, Vice President for the Inorganic Pigments business unit for Asia Pacific. Iron oxide pigments from LANXESS have been manufactured in Germany since 1926 and are well-established and valued by customers all over the world. “With a track record of over 88 years, we will continue to contribute to the development of China’s coating industry with our expertise and technology know-how.”

Bayferrox® 303 T, a synthetic black manganese ferrite, is modified with a certain amount of manganese oxide, enabling it with extraordinary heat stability well above 500°C without changing the color under this circumstance. Because of its exceptional advantages, it fulfills the highest requirements necessary in the paints and coatings industry. This high performance pigment is the first choice when heat stability is required in applications such as powder or coil coatings. It also features low flocculation behavior, differentiating it from regular black ferrite.

Like all LANXESS premium pigment products which are marketed under the brand names of Bayferrox® and Colortherm ®, Bayferrox 303T displays outstanding light fastness, tinting strength, color consistency as well as weather stability.

China has already become the world’s largest consumer and the biggest production base for the coatings industry. The urbanization megatrend in China and increasing demands for higher quality products are expected to continue propelling the growth of China’s coatings market.

With an annual capacity of more than 350,000 metric tons, the LANXESS Inorganic Pigments (IPG) business unit is one of the world's leading manufacturers of iron oxide and chromium oxide pigments. The heart of global production is located in Krefeld-Uerdingen, Germany.

Currently, LANXESS is building a high-tech facility for the production of premium iron oxide red pigments in Ningbo, China, using the Penniman process optimized by the company to ensure high environmental compatibility by optimizing water treatment and waste gas cleaning. The plant, characterized by its particularly high energy efficiency, is designed to meet and exceed the latest environmental standards. The plant will initially have an annual capacity of 25,000 metric tons.

LANXESS already operates one of China’s largest and most modern plants for iron oxide pigments in Jinshan, Shanghai. This plant has an annual capacity of 38,000 metric tons of high-quality iron oxide yellow and black pigments each year. The Jinshan site supplies LANXESS’ milling and blending plant in Taopu, Shanghai for the production of high grade synthetic iron oxide pigments under the brand name Bayferrox.

Ringier is one of the largest international media group based in Swizerland.  Launched in 2006, the Ringier Technology Innovation Awards is selected by an independent panel of industry experts and is widely recognized by the industry for being professional, authoritative, and forward-looking.

The Inorganic Pigments business unit belongs to the Performance Chemicals segment of LANXESS, which achieved sales of EUR 2.1 billion in fiscal year 2013.

LANXESS is a leading specialty chemicals company with sales of EUR 8.3 billion in 2013 and roughly 17,000 employees in 31 countries. The company is currently represented at 52 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainability indices Dow Jones Sustainability Index (DJSI World and DJSI Europe) and FTSE4Good as well as CDP’s Climate Disclosure Leadership Index (CDLI).

Forward-Looking Statements.
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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