Rubber division drags Lanxess’ results down
21/03/2014
As predicted at the end of February, Lanxess’ €257 million impairment charge in its elastomers and rubber divisions affected its 2013 results, and sales fell 8.7%. The board report did not refer to the leather division, instead highlighting its rubber business as the key contributor to the decline. “2013 was a very difficult year,” the statement...
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