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High sales, acquisition boost Lanxess Q3

By Kasia Patel
Published: Friday, 11 November 2016

The world’s largest producer of synthetic iron oxide raised its earnings guidance, with the company reporting a 51% increase in Q3 income as performance chemicals saw an increase in sales and all segments posted higher margins.

Germany-headquartered speciality chemicals producer Lanxess has raised its full-year earnings guidance following a 51% increase in Q3 2016 net income as margins increased in all of the company’s operating segments.

Lanxess, the world’s largest producer of synthetic iron oxide and a major consumer of chromite, titanium dioxide (TiO2), rare...

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