LANXESS with good third quarter of 2022
In a challenging environment with a continued rise in energy and raw material costs, the specialty chemicals company LANXESS delivered good results for the third quarter of 2022: Sales increased by a significant 38.2 percent from EUR 1.581 billion in the prior-year quarter to EUR 2.185 billion.
Entire value chain to become climate-neutral
Specialty chemicals company LANXESS is taking the next step in climate protection and has set a target for its scope 3 emissions: The Group aims to make its upstream and downstream supply chains climate-neutral by 2050. This includes indirect emissions, particularly from purchased raw materials, but also from logistics and end products.
LANXESS with good Q2 2022 despite challenging environment
In a challenging environment with increased raw material and energy costs and difficult logistics conditions, LANXESS increased its earnings again: EBITDA pre exceptionals was EUR 253 million in the second quarter of 2022, 14.5 percent higher than the prior-year quarter’s figure of EUR 221 million.
Natural preservative from LANXESS granted EU approval for beverages
Nagardo, a new natural preservative from LANXESS, is now approved for use in non-alcoholic beverages in the European Union as well.
LANXESS completes acquisition of IFF’s microbial control business
Specialty chemicals company LANXESS has completed the acquisition of the microbial control business unit of the U.S. group International Flavors & Fragrances Inc. (IFF).