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LEVERKUSEN (LANXESS) -- LANXESS announced
yesterday its goal to increase its leading earnings indicator by roughly 80
percent in the coming five years. The specialty chemicals company is targeting
EBITDA pre exceptionals of approximately EUR 1.4 billion in 2015 and confirmed
its forecast of roughly EUR 800 million EBITDA pre exceptionals in 2010. LANXESS
plans to achieve its mid-term earnings target through a dual-track growth
strategy of organic and external growth. Organic growth will play the more
dominant role.
“We are poised to enter a new era of growth and have set an ambitious target,
which we can achieve based on the strategic position of our business portfolio,”
said LANXESS CEO, Axel C. Heitmann, at the Group’s fourth Media Day in
Dusseldorf. “Our track record reflects our operational strength. By the end of
this year, we will have increased EBITDA pre exceptionals by roughly 80 percent
since 2004, in spite of the global economic crisis.”
Russian polymers' market prospects are going to be discussed at
Russian Polymers Summit on October 14, 2010 organized by ICIS and MRC. For more
information please refer to http://www.polmersummit.ru/ Summit official web page.
mrcplast.com
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