Chemtura helped Lanxess to record earnings in 2017
22/03/2018
The company said this increase, as well as a 29.6% rise in its earnings, was down to “higher volumes in all segments” and a strong contribution from the Chemtura businesses, which it acquired in April 2017.
Lanxess’s performance chemicals segment, which includes its leather business unit, saw its sales increase 10.5% year on year to €1.44 billion.
“We achieved a lot strategically and operationally in the last fiscal year, laying firm foundations for the future,” said Matthias Zachert, chairman of the Lanxess management board. “With Chemtura, we successfully completed our biggest acquisition to date, and also significantly improved the quality of our portfolio even more. In this set-up, we achieved the best earnings in Lanxess’s history so far while further enhancing the group’s profitability.”
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