They confirmed their last quarter trend: chemical Lanxess did very well throughout 2017. Such good performance is mostly based, apparently, on their acquisition, successfully completed last year, of US Chemtura, a supplier of flame retardant and lubricant additives. Their annual turnover reached 9,66 billion euros, thus increasing by 25% compared to 2016. As for profits, they went up by 29,6%. Such expansion, as reported by the German company’s representatives, “has been remarkable in every product segment”. As regards their leather business unit, at the end of the year revenues amounted to 1,44 billion dollars, that is, +10,5% on annual basis. “Accomplishments we achieved in 2017 – points out Matthias Zachert, chairman of Lanxess Board of Trustees – will enable us to lay sound basis for the years to come. Since we bought out Chemtura, we successfully completed our most important acquisition to date, thus considerably improving, as well, our portfolio, in terms of quality. In such context, we reached our best performance ever in the history of Lanxess, and we further enhanced the group’s profitability”.
