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- Title
Bilanz Lanxess 2023: Aromastoffe bis Flammschutzmittel.
- Authors
Bulmahn, Maren
- Abstract
In 2023, the Cologne-based company Lanxess experienced a decrease in sales of 17 percent compared to the previous year, mainly due to lower sales volumes. In order to become more efficient, the company plans structural measures and the reduction of 870 positions. Lanxess has also brought the High Performance Materials business unit into a joint venture with the investor Advent International and initiated the sales process for the Urethane Systems business unit. The revenues in the Consumer Protection and Specialty Additives segments have also declined, while the Advanced Intermediates segment experienced a decrease in sales of 26.4 percent. Lanxess plans to continue working on its organization and processes to strengthen its financial foundation.
- Subjects
COLOGNE (Germany); CONSUMER protection; EXPORT sales contracts; ORGANIZATIONAL performance; JOINT ventures; URETHANE
- Publication
Nachrichten aus der Chemie, 2024, Vol 72, Issue 5, p42
- ISSN
1439-9598
- Publication type
Article
- DOI
10.1002/nadc.20244141025