Analysis: ‘New’ Lanxess looks to growth regions

Cologne, Germany  – Materials major Lanxess AG intends to invest in mid-sized markets and the growth regions of North America, China and Southeast Asia following the spin-off of its synthetic rubber business into a joint venture next month.

The German group discussed its growth as it announced its 2015 financial results, which saw sales slipping 1.3 percent to €7.9 billion but earnings before interest, taxes, depreciation and amortization (EBITDA) rising by 9.5 percent to €885 million.

Lanxess said the Arlanxeo 50-50 joint venture with Saudi Aramco for…

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