Specialty chemical company Lanxess 's strategy to follow trends in China , including the government 's push for higher quality , low - carbon sustainable products , helped the company achieve 30 % sales growth in the country last year . The Chinese market accounted for 20 % of global sales for Lanxess in 2017 , and it expects China will provide at least 20 % within 10 years . it has recently invested € 20 m into constructing a high - performance plastics plant in Changzhou to cater for the automotive and electronics sector .
Specialty chemical company Lanxess's strategy to follow trends in China, including the government's push for higher quality, low-carbon sustainable development, helped the company achieve 30% sales growth in the country last year. The Chinese market accounted for 13% of global sales for Lanxess in 2017, and it anticipates China will provide at least 20% within 10 years. Lanxess has recently invested €20m into constructing a high-performance plastics plant in Changzhou to cater for the automotive and electronics sector.