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CORRECTED-Lanxess sees strong business in Latin America

(Corrects in fourth paragraph that Lanxess is preparing to make a mandatory offer for the rest of Petroflex, and has not yet tendered a mandatory offer for the company)

* Lanxess Brazil head sees double-digit sales growth in Latin America this year

* Sees no impact on Brazil business from weak U.S. car market

COLOGNE, Germany, Aug 25 (Reuters) - German chemicals group Lanxess LXSG.DE is still expecting double-digit sales growth in Latin America thanks to a robust business in Brazil, the head of Lanxess operations in Brazil said on Monday.

“This is what we have planned,” Marcelo Lacerda told Reuters.

In the second quarter, group sales in Latin America grew more than 10 percent, driven largely by its performance polymers unit, which also produces synthetic rubber used in tyres.

Earlier this year, the company acquired a 70 percent controlling stake in Brazilian rubber maker Petroflex PEFX5.SA. It is also preparing to make a mandatory offer to buy the remaining outstanding shares of the company.

“The Petroflex integration is progressing very well and on schedule,” Lacerda said. The company is expecting Petroflex to contribute 35-40 million euros ($52-59 million) this year in pre-exceptional earnings before interest, taxes, depreciation and amortisation.

Brazil is Lanxess’ most important market in Latin America.

Lacerda also said its Brazil business was not suffering from the weak U.S. car market thanks to strong domestic demand and a diversified economy. (Reporting by Frank Siebelt)

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