Leather disappoints for Lanxess in 2018
20/03/2019
The group’s Performance Chemicals segment, which includes its leather business unit, saw its sales fall 6.3% year-on-year to €1.4 billion. Among the reasons Lanxess gave for this was “weak development” in the leather industry.
Discussing the results, Matthias Zachert, chairman of the Lanxess board of management, said: “Despite rising economic headwind, we delivered on our promises. We made very good progress strategically and operationally: Lanxess now has a very clear focus on specialty chemicals. Today, we are more profitable, more stable and more competitive than ever – and that is paying off.”
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