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Regions :: Western Europe :: Germany
Lanxess Details Measures to Raise Saltigo’s Profitability
12:37 PM MDT | July 30, 2007 | Alex Scott
Lanxess’s recently announced €30-million ($39 million) investment to modernize the production base of its Saltigo fine chemical business and introduce new work time models are designed to give a much-needed boost to Saltigo’s margins, the company says (CW, Jan. 24, p. 7). Profitability at Saltigo “is not yet satisfactory,” despite a rise in plant capacity utilization and a “steady increase” in sales in recent quarters, Lanxess says. The company declined to say by how much the new measures would lift profits. Westerhaus...
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