Lanxess sales down
Print Edition
GERMAN specialty chemicals company Lanxess yesterday reported that its 2015 sales in China were down 4.2 percent from a year earlier to 924 million euros (US$1.04 billion).
The Chinese market make up around 12 percent of the company’s global sales and downward selling prices mainly affected its performance polymers segment, said Chien Ming Cheng, CEO of Lanxess China. Chien said Lanxess will start operations of its new joint venture with Saudi Aramco to manufacture synthetic rubber from April 1. In the years ahead, Lanxess plans to invest some 400 million euros of the anticipated 1.2-billion-euro proceeds from the rubber transaction in organic growth.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
