Lanxess warns of challenging automotive markets

ERJ staff report (BC)

Frankfurt – Shares in Lanxess, the world’s largest maker of synthetic rubber for tires, fell to a two-month low on 19 June, Ludwig Burger and Frank Siebelt reported for Reuters , as the company said it was mired in weak car markets that showed no sign of recovery.

“The market conditions remain challenging. Car and tire demand has not yet recovered,” a company spokesman is reported to have said when asked about market talk that finance chief Bernhard Düttmann sounded a cautious…

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