‘Very turbulent situation’ in rubber-customers losing money, says Hexagon ceo

By Liz White, ERJ staff

Stockholm-In its major polymers business, Swedish engineering group Hexagon AB saw organic growth in sales of 10 percent in the second quarter. But, as other major tyre and rubber groups have reported recently, pricing pressure in raw materials is affecting margins in the business.

“Raw materials price increases continue, especially in Nafta and the US,” commented Ola Rolén, Hexagon’s ceo, in an 11 Aug webcast on the group’s Q2 results.

“So far in Jun/July we have been been able to…

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