Rubber division drags Lanxess’ results down
21/03/2014
The board report did not refer to the leather division, instead highlighting its rubber business as the key contributor to the decline. “2013 was a very difficult year,” the statement said.
In its 2013 financial review, Lanxess said its new leather chemicals manufacturing site in Changzhou, China, which commenced operations last March, will benefit the division this year as it will make the full range of leather chemicals available to tanners in Asia. It added that its new CO2 concentration plant at the Newcastle site in South Africa will make it more competitive.
Image: Lanxess polymer research lab in Cologne, Germany.
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