Lanxess Gears Up for China’s Tire Switch, Joins the DAX 30

Lanxess, the largest synthetic-rubber producer, stands to benefit from China’s plan to switch of much its tire production to green tires, which reduce rolling resistance, resulting in lower fuel consumption and tailpipe emissions compared with standard tires. China is the world’s largest tire maker, with an estimated output this year of 450 million. It exports about 40% of that output, including a large portion to the European Union (EU), where mandatory tire labeling will take effect, beginning November. Tires will be graded from A to G, according to...

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