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Strong third quarter for Lanxess

10/11/2010
Specialty chemicals manufacturer Lanxess has reported a strong set of results for the third quarter of 2010.

“We are heading for a strong performance in 2010, which clearly reflects our successful strategy of focusing on premium products and the emerging markets,” said company chairman, Axel Heitmann.

Sales in the company’s performance chemicals segment rose by 21% compared to the same quarter in 2009 to EUR 515 million, with all seven business units showing sales improvements. Lanxess said the leather, rubber chemicals and functional chemicals business units contributed strongly to the third quarter result, although it added that the top ten sales products in the third quarter were from synthetic rubber and high-tech plastics activities, which mainly serve the tyre and automotive industries.



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