Lanxess eyes record year despite Arlanxeo woes

LANXESS Keltan Produktion GeleenCologne, Germany – Third quarter sales at Arlanxeo – the 50/50 synthetic rubber JV between Lanxess and Saudi Aramco – increased by around 6% year-on-year to €717 million, Lanxess has reported.

However, at €76 million, earnings (EBITDA pre exceptionals) at Arlanxeo came in 17% lower than in the same quarter of last year, the polymers and chemicals maker added 15 Nov.

“The decline in earnings was due to the significant volatility of raw material prices and…

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