Leather lags, but ‘stable’ Lanxess H1 results please the board
02/08/2019
Specific to the leather part of its business, Lanxess its chrome ore business had been weak and that leather had been the one segment in its performance chemicals business unit (which also includes products for water treatment and material protection) that had failed to contribute to an improvement in earnings.
Chairman of the company’s management board, Matthias Zachert, said on releasing the figures that, overall, the results were good. He said Lanxess was in a stable position and that this stability was paying off, “especially in these economically uncertain times”.
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