Lanxess sets out plans for profitability
05/09/2017
It said from 2021, it intends to consistently grow above global gross domestic product and expects margins between 14% and 18%.
“In the coming years, we intend to reach our full potential and transform Lanxess into an even stronger company with a highly balanced and stable platform, increased profitability and, last but not least, a company team-culture based on dedication and motivation,” said CEO Matthias Zachert.
The group will “only include business operations in its portfolio that can achieve leading market positions and generate attractive margins sustainably”, it said.
“Digitalisation will bring sustainable change to processes and business models in the chemical industry and our customer industries. This offers us a multitude of opportunities, and requires a profound transformation within the company,” added Mr Zachert.
The group expects job losses due to “duplicated functions” after its acquisition of Chemtura.
Share this story:
