Lanxess reports strong earnings in H1; but margins slip in rubber

Leverkusen, Germany - Lanxess AG has reported a good second quarter. In performance rubber, the company said sales of Euro 448 million were slightly higher than the same period a year ago (Euro 432 million), while pre-tax earnings (EBITDA) fell to Euro 62 million from Euro 70 million a year previously.

The company said sales are split almost equally between the three units: technical rubber products; butyl rubber and butadiene rubber.

Higher costs in butyl were passed on to customers and there was volume growth in…

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