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Arlanxeo posts big increases in sales and earnings

Cologne, Germany – Arlanxeo, a 50/50 rubber joint venture between Lanxess and Saudi Aramco, has registered strong growth in the first quarter of 2017, helped by improvements in volumes and pricing.

In a quarterly statement on 11 May, Cologne-based Lanxess said sales in Arlanxeo rose by 48% year-on-year to €948 million, primarily influenced by selling price adjustments in the Tire & Speciality Rubber business unit. This, itself, was driven by higher raw materials costs. The price effect was 28.0%.

Volumes increased “considerably” in both Arlanxeo business units…

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