Lanxess implements cost-saving plan, calls for boosting German competitiveness
Specialty chemicals company LANXESS responds to economic weakness with its “FORWARD!” action plan. Through one-off cost reductions and reduced investments, LANXESS will initially save around EUR 100 million in 2023. In addition, LANXESS is positioning itself more effectively and will permanently reduce costs by around EUR 150 million per year from 2025 onwards. LANXESS’ business…
