Special chemicals group Lanxess AG reported growing sales in China of more than one billion euros in 2013, while global sales fell by 9 percent to 8.3 billion euros.
Lanxess Greater China reported sales of 1.05 billion euros, up 1.6 percent from the previous year.
"Lanxess Greater China is undoubtedly a cornerstone of the company's global business," said CEO Chien Ming Cheng.
"With our portfolio of premium products, we are determined to grow with China's market," he added.
Sales in the Asia-Pacific region decreased by around 3 percent to 2.1 billion euros, but its share in the company's global sales increased to 26 percent.
Globally, sales shrank primarily due to lower selling prices in the performance polymers segment resulting from declining raw material prices and the "challenging competitive situation."
EBITDA pre exceptionals decreased by 40 percent year on year to 735 million euros, due to an increase in production-related costs and negative currency effects. The slight increase in volumes could not compensate for the decline in earnings, the company said.
Latin America showed the sharpest decline of sales, 19 percent lower than in the previous year, followed by North America (17 percent).