Arlanxeo ‘could see’ second-half recovery

Cologne, Germany – First quarter sales at Arlanxeo – the synthetic rubber JV between Lanxess and Saudi Aramco – fell 20.1% year-on-year to €757 million, while earnings (EBITDA pre exceptionals) came in 22.9% lower at €111 million.

The sales-decline, however, reflected a very strong first quarter in 2017 while the lower earnings were “largely as a result of adverse currency effects,” Lanxess reported 8 May.

“Over successive quarters the volatility of commodity prices pulled results down,” said Lanxess chairman Matthias Zachert. “This year we expect…

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