News: Lanxess AG (LXSG.DE)
Mon, Nov 18 2013
FRANKFURT, Nov 18 - Germany's Lanxess, the world's largest maker of synthetic rubber, believes that the European automotive market has bottomed out, chief executive Axel Heitmann was quoted as saying in an interview published on Monday.
* Evonik to reduce number of executive board members (Adds background on cost cuts at peers)
* Net debt to adj EBITDA to exceed 2 this yr, target 1-1.5
FRANKFURT, Sept 17 - Germany's Lanxess, the world's largest maker of synthetic rubber for tyres, said on Tuesday it planned to cut costs by 100 million euros ($133 million) per year from 2015, to counter weak demand from the automotive industry.
FRANKFURT, Sept 14 - Lanxess, the world's largest maker of synthetic rubber for tyres, is looking at acquisitions to become less dependent on its synthetic rubber business, a German weekly said on Saturday, citing no sources.
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* Shares drop to two-month low, worst DAX performer (Adds analyst comment, background on feedstock supplies)
FRANKFURT, June 19 - Lanxess, the world's largest maker of synthetic rubber for tyres, continues to grapple with a difficult business environment, it said on Wednesday.