In 2017, Lanxess Italy’s sales increased by 26%, as their overall turnover moved from 301 million euros (in 2016) up to 379 million euros at present. The buyout of American Chemtura, which did boost the supply of additives, and additional deals, such as a joint venture agreement with SaudiAramco, in the rubber sector, drove the brilliant business performance achieved by this chemical multinational corporation. Throughout the year, point out at Lanxess Italy, organic growth went up by 6 to 7%: “This is an excellent springboard for the next prospective business development of Italian manufacturing”, remarks CEO Vincenzo Trabace (in the picture, during the financial data presentation in their Segrate offices). How about tanning industry? “Talking about our revenues, chemicals for tanning are worth around 25 million euros – he wraps up -. Sales went up by 3% compared to the year before: figures line up with the financial statements”.
Lanxess Italy revenues gear up, as sales increased by 26% in 2017. Chemicals for tanning (+3%) are worth 25 million euros
