China trends help Lanxess to achieve robust growth

German specialty chemicals company Lanxess' efforts to align itself with the China market trends are paying off.

Its China unit reported nearly 30 percent sales growth in 2017. Its regional CEO expects to generate greater returns in the coming years by paying heed to the Chinese government's call for high-quality development.

"In fiscal year 2017, Lanxess China continued strong performance, accounting for 13 percent of our global sales. As a German company rooted also in China, Lanxess is harvesting from its long-term commitment to the Chinese market," said Ming Cheng Chien, CEO of Lanxess' local arm.