Lanxess sees earnings grow in its performance chemicals business
Published: Tuesday, 13 May 2014
Despite seeing its overall sales revenue decline as a result of lowering prices, the German chemicals producer recorded positive growth in sales in its performance chemicals business, which it expects to grow further in 2014, especially for iron oxide and chromium oxide-based pigments.
German chemicals supplier, Lanxess AG saw its earnings
increase by 33% in its performance chemicals business in Q1
2014, despite a 2.5% decrease in overall sales.
EBITDA* increased in all of its three segments, up 4.5%, at
€117m ($160.3m**), for its performance polymers business,
up 1.4%, at €72m, for...