Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Lanxess is Upbeat About 2011 Growth and Investments
11:01 AM MDT | March 25, 2011 | —kerri walsh
Lanxess is optimistic about 2011 with sales and profits expected to rise because of improved economic conditions, says board member Werner Breuers. Lanxess raised its 2011 R&D budget by 15%-16%, from €116 million in 2010, and is proceeding with a €550 million-€600 million capital expenditure plan to keep pace with demand, Breuers says. The company will also continue to look for acquisition targets. “We are constantly looking for organic and external growth,” Breuers says. “If we identify a gap in our portfolio or in our...
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