LUXI Group CO., LTD (China) Overview
Incorporated in 1992, with original name as Luxi Fertilizer Plant which was changed to Luxi Chemical Group Co. Ltd in 1998, the company runs industrial fields such as Chemical, Fertilizer, Chemical Equipment, New Energy Equipment, Chemical Engineering designs, R & D and Finance. Formic acid production comes under Chemical segment under the sub-segment Coal & Petroleum products.
The group endeavors to build a materials industrial park with all features covering 7 square kilometers with complete chain of coal chemicals, salt chemicals, fluorine, silicon chemical and petroleum. It is named as China New Chemical Material Industrial Park (Liaocheng) by China Petroleum & Chemical Industry Federation. Over the time horizon, company is focusing on development of this park with increasing expansion of 11 square kilometers including polyurethane, chemical fiber, fluorine-silicon material, household-electronics-pharmaceuticals, equipment manufacturing and storage-logistic zone. The production capacity of formic acid by LUXI group is 100,000 tons per annum.
The company generated about USD 4.15 billion revenue in 2016 with the help of 13,000 employees.
