News

Lanxess enjoys a successful first year in business

04/04/2006

Sales increased by 5.6% to €7.15 billion in 2005 and  the company reduced net debt from €1.1billion to €680 million.

Lanxess is planning a third package of restructuring measures in order to increase its competitiveness. New measures have been planned for the Polybutadiene Rubber, Butyl Rubber, Inorganic Pigments and Styrenic Resins business units, with an associated one-time implementation cost of €55 million. These measures affect sites in the United States, Brazil, France and Belgium, and involve eliminating up to 250 positions outside of Europe.

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