Price pressure tips Arlanxeo sales down

Cologne, Germany – Arlanxeo – 50/50 rubber joint venture between Lanxess and Saudi Aramco – has reported a 5.3% drop in sales to €675 million, in the third quarter 2016, according to a Lanxess.

Good demand from the automotive segment in Asia was offset by price decline from raw material costs, the Cologne-based group reported 10 Nov.

Arlanxeo’s earnings (EBITDA pre exceptionals) stood at €91 million, 3.2% lower than the prior-year figure of €94 million.

Lanxess went on to note that higher volumes and improved capacity utilisation counteracted…

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