Specialty chemicals company Lanxess India’s sales rose 39 per cent in 2011, with performance butadiene rubbers and rubber chemicals emerging as growth drivers.
While global sales rose 23 per cent to euro 8,775 million due to its price-before-volume strategy, successful acquisitions and focus on emerging markets, the Group’s net global income improved by 34 per cent to euros 506 million, according to a company release here.
In India, sales grew from Rs 1,315 crore in 2010 to Rs 1,821 crore in 2011, Mr Venkatesh Sankaran, Executive Director and Chief Financial Officer, Lanxess India, said.
For 2012, Lanxess plans cash outflows of about euros 600 million for capital expenditures. The research and development budget will increase by 40 per cent year-on-year.