Lanxess posts strong second quarter
06/08/2018
Its net income for the period was €126 million.
Lanxess cited the contribution of the Chemtura business, which it acquired in April 2017, as a key reason for this growth. It also pointed to the adjustment of selling prices due to higher raw material costs as another influence.
The company’s Performance Chemicals segment, which includes Lanxess’s leather business unit, suffered a 3.0% drop in sales to €365 million.
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