Benefit from the Group's strategy and the global economic recovery, the world's leading specialty chemicals group LANXESS 2010 results striking.
By the strong market demand and price increases and other factors, the LANXESS Group 2010 sales rose 41% to 71 billion euros. Within the scope of normal business income tax, depreciation and amortization profit nearly doubled, glue stick up to 918 million euros. LANXESS has had routine services in 2010 within the scope of income tax profit before depreciation and amortization of about 9 billion euros. The full year within the scope of regular business income tax, depreciation and amortization grew 12.9% profit margin in 2009, the figure was 9.2%. Compared to same period last year, net income increased nearly 10-fold, reaching 379 million euros.
"Outstanding performance in 2010 and 2011 gives us a good start for the continued growth of LANXESS confidence." Held in Düsseldorf LANXESS annual press conference, CEO Heitmann said: "Long Sheng benefit from our focus on business growth strategies in emerging markets, and our response to the automotive industry booming wave of urbanization, agricultural development and other global trends of increasing water demand by the introduction of superior products. "
glue gun Strong growth in the fourth quarter of 2010.
Compared to the rapid growth over the same period in 2009, LANXESS in the fourth quarter of 2010, raised its sales and profit goals. The market demand, pricing and exchange rate and other positive factors, the three major business segments LANXESS achieved sales of 1.8 billion euros, an increase of 32%. Provisions of the German government to use winter tires in winter or season tires, this legislation LANXESS synthetic rubber plate high-performance polymers business has played a positive role.
General business of the Group's interest profit before tax, depreciation and amortization was 1.72 billion euros, up 19% over last year. Benefit from the recovery of agricultural chemicals market, high-quality intermediate segment in the fourth quarter of strong growth.
Synthetic rubber plant due to maintenance plans, and single payments paid to employees, the company within the scope of normal business income tax, depreciation and amortization growth in the quarter, profit margins declined slightly, to 9.4%. Fourth quarter net income rose 86% to 26 million euros.
Emerging markets to flourish.
Asia-Pacific region sales grew 43% in 2010 to 16 billion euros, accounting for 23% of total sales. LANXESS in India and China's basic chemicals business, M & A, so that high-quality intermediate plate growth in the region the most significant business segment.
BRIC countries (Brazil, Russia, India and China) sales rose 60%, about 16 billion euros, accounting for 23% of total sales, while in 2009 this proportion was 20%.
LANXESS Greater performance.
LANXESS 2010 full-year sales growth in Greater China significantly. Regional sales exceeded 800 million euros, an increase of 37.1%. Removal of exchange rate changes and product line adjustment factors, sales increased 29.4%.
"For 2010, LANXESS Group, is an excellent year for the Chinese market in particular. In China, continued growth of our business, results have been repeatedly break, thanks to LANXESS portfolio performance, expanding the production of facilities, as well as active and effective pricing strategy. "Ke Maoting LANXESS commented Mr. President, Greater China.
Benefit from the booming domestic automobile industry trend LANXESS 2010 best-selling products from major services in the three tire and rubber business of the automotive industry sector. LANXESS's innovative synthetic rubber can not only enhance the safety of cars and tires, but also more fuel efficient, more environmentally friendly.