Germany. The chemicals company, Lanxess, achieved an increase in sales of 41% during 2010, thanks to the general recovery in business, as reported in the income statement. The document further revealed that the company's capital expenditures were $711 million, while research and development expenses totaled $164 million, up 15% from 2009.
In regions such as Latin America, sales registered an increase of 85%, reaching USD$1.4 billion, which represented 13% of the group's total sales. The main driver of this growth was brazil's Performance Polymers segment.
According to the company's Executive Chairman, Axel C. Heitmann, "The strong performance in 2010 is reflected in our proposal with dividends of USD $ 0.99 per share, which is an increase of 40% compared to 2009. This year, growth will be driven by our focus on emerging markets and products serving urbanization, agriculture and water."
