Materials suppliers makes headway amid price recovery

London – Some of the key rubber and related materials makers have posted strong results as prices rose earlier in the year and the market conditions recovered globally.

Arlanxeo, the synthetic rubber joint venture between Lanxess and Saudi Aramco, registered a fairly strong first half. The JV, though, expects markets to continue to be affected by “overcapacity and ongoing price pressure” in the months ahead.

In the first half, the company’s sales lifted 36.1% to €1,783 million, though this was compared with the “low level” of a year earlier. The increase reflected…

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