LANXESS AG's Chairman of the Board of Management Matthias Zachert cuts a ribbon to inaugurate the company's India Application Development Centre in Thane.
Credit: Special Arrangement
New Delhi: German specialty chemicals company LANXESS has inaugurated its India Application Development Centre (IADC) in Thane, Mumbai, strengthening its innovation and customer service capabilities.
The centre serves as a hub for two business units with capacity for future expansion, a statement said.
“India is a critical growth region for LANXESS, offering immense opportunities for collaboration and innovation,” Matthias Zachert, Chairman of the Board of Management of LANXESS AG, said at the inauguration ceremony on Monday.
“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,” he said.
“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. India’s growing industrial base and expanding consumer markets make it an ideal platform for driving such advancements,the statement said.