Elastomers and rubber lead to Lanxess impairment charges

26/02/2014

Specialty chemicals company Lanxess has announced impairment charges of EUR 257 million in the fourth quarter of 2013, which will affect its full-year results, to be published on March 20. In a statement, Lanxess explained that a review of business units making elastomers and rubber has thrown up expectations of overcapacity and high raw-material ...