High sales, acquisition boost Lanxess Q3
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...