Lanxess reports healthy growth in Q2, but will restructure NBR operations

Leverkusen, Germany — Lanxess AG reported sales 11 percent ahead of the equivalent quarter in 2004. Sales in the company’s performance rubber unit were 17 percent ahead of the same period last year, at Euro 432 million (Q2, 2004: Euro 368 million.. The company said, “As in the previous quarter, the favourable market environment enabled us to raise selling prices. The higher prices more than compensated for the medium-term rise in raw materials and energy costs. Volume sales also increased, despite the consistent implementation of…

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