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Lanxess expects a better first quarter and full year after a challenging 2013

4:15 AM MDT | March 20, 2014 | Natasha Alperowicz

Lanxess today said it expects first quarter 2014 Ebitda pre-exceptionals to reach around €200 million ($276.6 million), up from €174 million in the year-earlier period, which was depressed by start-up costs. This is despite the impact of a strike at the company’s Zwijndrecht, Belgium, butyl rubber plant, where production has been at a standstill for about three weeks. The company also expects a slight improvement in Ebitda pre-exceptionals for the whole of 2014, despite the continuation of a “challenging” market environment for...

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