Newspaper article from our research archive:

Chief: Lanxess has 'long way to go'.

Byline: Jim McKay

Sep. 1--The chief executive of Lanxess AG touted the new chemical company's initial success -- an 11 percent increase in second-quarter sales, a 40 percent jump in pre-tax profits and a higher stock price -- during a visit yesterday to its North American headquarters in suburban Findlay.

But Axel Claus Heitmann said he would not ease up on his drive to improve the results of the Germany-based global enterprise that was spun out of Germany's Bayer in January and formed mainly around inherited low-growth and low-margin businesses.

Lanxess took on its new name in July 2004, eight months after Bayer made the decision to spin off large portions of its ...

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