ERJ staff report (DS)
New Delhi, India -- Lanxess India achieved sales of around EUR 65 million in the third quarter, registering a growth of around 52% year-on-year. India is a key pillar of the BRICS strategy that Lanxess pursues and has been performing consistently.
Venkatesh Sankaran, Executive Director and Chief Financial officer, LANXESS India Private Limited said, "Overall, this was our best quarter by far. The performance polymers segment clocked a growth rate of about 155% in India, which is the highest amongst the three business segments. In this segment, the polybutadiene rubber business unit emerged the strongest."
This is acknowledgment of the fact that the applications of high performance rubbers from Lanxess are increasingly finding acceptance in the Indian market.
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Press release from Lanxess India