Arlanxeo sales, earnings decline in “difficult” environment

Cologne, Germany – Arlanxeo, the 50:50 synthetic rubber joint venture between Lanxess and Saudi Aramco, has reported a 5.2% decrease in sales to €2.71 billion in the full fiscal year 2016.

In its financial results for the year 2016, German-based parent company Lanxess said the drop in sales was due to “a persistently difficult competitive environment.”

According to Lanxess, despite “positive development of volumes”, Arlanxeo earnings (EBITDA pre exceptionals) were 4.6% below the year before at €373 million.

Reduced selling prices, said Lanxess, outweighed cost relief gained from lower…

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