‘Full-swing’ Lanxess on track for record profit - leatherbiz: Leading Leatherbiz

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‘Full-swing’ Lanxess on track for record profit

15/11/2017
Leather chemicals manufacturer reported a 25% increase in third quarter revenue to €2.4 billion, partly as a result of contributions from its new Chemtura group of businesses, as well as from higher sales volumes.

It is on track for record profits this year, expecting between €1.25 billion and €1.3 billion.

Lanxess CEO Matthias Zachert said: “Lanxess is in full swing. Our focus on high-margin specialty chemicals is increasingly paying off, and in operational terms we are performing very well in our new set-up. It is particularly pleasing that all regions and all our specialty chemicals segments are seeing considerable earnings growth.”


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