Lanxess offers conservative outlook despite Q2 profit surge
Published: Wednesday, 06 August 2014
A major consumer of pigment and speciality chemical minerals, Germany-based Lanxess’ earnings growth will encourage raw materials suppliers. However, the company is evidently nervous about the prospects for rubber chemicals, despite strong sales in pigments.
Strong performances in pigments
and agrochemicals helped second quarter profits for German
speciality chemicals producer Lanxess AG to leap more
than 600% to 55m ($73.5m*) from 9m for the same
period last year.
Despite this increase, the Cologne-based company, which is a
consumer of chromite, titanium dioxide...