Specialty chemicals company Lanxess on Thursday confirmed its earnings forecast for the current fiscal year and expects earnings to remain stable compared with the previous year.
Lanxess operates brine fields and production facilities in Union County.
The company expects EBITDA pre exceptionals to be between $1.127 billion and $1,183 billion in 2019. In the previous year, the specialty chemicals company had achieved a result of $1,145 billion.
“Thanks to our successful realignment, Lanxess is now much more stable than just a few years ago. We have reduced our dependence on individual volatile industries and further balanced our regional positioning. We are therefore sticking to our forecast for 2019, which we issued in May, despite the increasingly gloomy economy,” said Matthias Zachert, Chairman of the Board of Management of Lanxess AG.
The company is headquartered in Cologne, Germany.