朗盛集团：进一步优化全球生产网络 持续加码在华本土化布局

Core Viewpoint - The company is focusing on localizing its operations in China to adapt to the global market's challenges and is optimistic about the growth potential in the Chinese market [1][2][3] Group 1: Company Strategy - The company is optimizing its global production network to address global demand weakness and has made significant investments in localizing its operations in China [1][2] - The CFO highlighted that the chemical industry is currently facing overcapacity, and the company is prepared for a market recovery by optimizing its structure and product portfolio [1][2] - The company plans to close its hexane oxidation facility in Germany by the second quarter of 2025 and streamline its global aromatic chemicals plant network, with a closure in the UK planned for 2026 due to high operational costs [1] Group 2: Market Insights - China currently accounts for 40% of the company's global chemical sales, a figure expected to approach 50% by 2030, indicating strong growth potential in the region [2] - The company recognizes the ongoing changes in the Chinese chemical industry, emphasizing innovation as a key theme that aligns with its own development focus [2][3] - The company has made substantial investments in China, including the establishment of the Asia-Pacific Application Development Center in Shanghai, which enhances local innovation capabilities [2] Group 3: Product Development and Customization - The company is shifting from basic materials to specialized chemicals, focusing on providing customized products and solutions for the Chinese market [2][3] - The company is involved in high-tech applications, providing materials for projects like the C919 aircraft and local mosquito repellent products, showcasing its commitment to meeting local customer needs [3] - The rapid development of technology in China is seen as an opportunity for the company to benefit from innovations in automation and sustainable solutions [3]