Leather chemicals business discontinued in Lanxess results
06/05/2020
Chemicals group Lanxess has reported revenues of just over €1.7 billion for the first quarter of 2020, a fall year on year of 2%. This yielded net income of €64 million, down by 23.8%.
With regard to leather chemicals, all Lanxess said was that the sale of all the operations of its leather business unit should be complete by the end of this year. In its figures, it classes the contributions of leather chemicals as “discontinued”.