Lanxess reaps rewards of realignment programme with stable y-o-y net sales
Published: Friday, 08 May 2015
For the first time in a few years, Lanxess has avoided a year-on-year drop in its net sales, thanks to its realignment programme. The Germany-based chemical company, which produces synthetic iron oxide, is in the second phase of its three step cost reduction programme.
Sales at Lanxess have stabilised as the speciality chemicals
group’s realignment programme begins to take
effect. The group’s Q1 2015 results are the first
since 2012 to avoid a year-on-year (y-o-y) decline in
"The good results in the first quarter show that we are on