Lanxess warns of challenging automotive markets

ERJ staff report (BC)

Frankfurt – Shares in Lanxess, the world’s largest maker of synthetic rubber for tires, fell to a two-month low on 19 June, Ludwig Burger and Frank Siebelt reported for Reuters , as the company said it was mired in weak car markets that showed no sign of recovery.

“The market conditions remain challenging. Car and tire demand has not yet recovered,” a company spokesman is reported to have said when asked about market talk that finance chief Bernhard Düttmann sounded a cautious…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with