Lanxess ahead of schedule on earnings target - leatherbiz: Leading new Leatherbiz

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Lanxess ahead of schedule on earnings target

20/09/2012
Specialty chemicals company Lanxess has said its “five proven elements of success” will help it reach its 2015 target of earnings of EUR 1.4 billion before tax a year ahead of schedule.

It said its focus on premium products focused on megatrends, flexible asset and cost management, a global reach with emphasis on emerging markets, innovation and technology, and an entrepreneurial and performance-oriented business culture was helping it to grow more quickly than it had hoped.

Part of its premium products focus has meant turning business down if it cannot secure what it regards as an appropriate price for its products. It said this has allowed it to pass on EUR 1.8 billion in raw materials and energy costs in the last two-and-a-half years.


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