IHS Chemical Week

Chemical Week Magazine :: Top of the Week

Lanxess expects large losses, announces fourth-quarter impairment charges

7:49 AM MST | February 28, 2014 | —Natasha Alperowicz

Lanxess announced on 26 February that it expects to post a loss for 2013 in part because of impairment charges in its elastomers and rubber chemicals segment. Lanxess says that recent impairment tests will result in a noncash charge of €257 million ($352 million) in fourth-quarter 2013 to reflect lower future cash flow contributions from the elastomers and rubber chemicals business. Lanxess also expects to cut its 2013 dividend in half, proposing a payment of €0.50/share compared with €1.00/share in 2012....

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa