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Lanxess Sets High Targets; Plans PBR Plant in Asia

2:59 AM MDT | September 15, 2010 | Natasha Alperowicz in Dusseldorf

Lanxess has pledged to raise its Ebitda before exceptional items to €1.4 billion in 2015 and has confirmed its forecast of about €800 million Ebitda before exceptional items in 2010. Lanxess plans to achieve its mid-term earnings target through a dual-track growth of organic and external growth. Organic growth will play the more dominant role, the company says. "We are poised to enter a new era of growth and have set an ambitious target, which we can achieve based on the strategic position of our business portfolio,” said CEO Axel C. Heitmann...

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