Arlanxeo sales, earnings rise in Q3

Cologne, Germany – Arlanxeo, the synthetic rubber joint venture between Lanxess and Saudi Aramco, has delivered solid results for the third quarter of 2018.

The unit reported a 22.7% growth in year-on-year sales to €851 million, said a Lanxess third quarter results presentation 12 Oct.

Earnings (EBITDA) increased 26.0% to €92 million in the three months to end of September, compared to €73 million the year before.

Lanxess did not comment on the performance of the rubber unit as it has been discontinued from group reporting, ahead of…

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