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LANXESS actively responds to the gas supply dilemma

 Last Update: 2022-10-02
 Source: Internet
 Author: User

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Recently, Chang Mutian, CEO of LANXESS, said in an interview with foreign media that the company has prepared a plan to deal with the worst-case scenario in which all gas supplies from Russia to Europe are cut off

Be prepared for a Russian gas outage

Be prepared for the interruption of Gazprom

In response to Russia's possible complete cut-off of gas supplies to Europe, Chang Mutian said: "LANXESS is ready

Chang said the current high natural gas prices in Europe are unsustainable because consumers and industry are already reducing their natural gas use

Chang Mutian expects European energy prices to peak

Safety stock is established

Safety stock establishedSafety stock establishedSafety stock established

Due to the limited supply of natural gas, there are concerns that stocks of natural gas downstream products will be quickly depleted

Chang Mutian said that in Europe, LANXESS has established inventories of certain raw materials to reduce the risk of

Weak demand in the third quarter

Weak demand in the third quarter Weak demand in the third quarter

For the outlook for the third quarter, Chang Mutian said: "In terms of market demand, the weakness in the second quarter will continue into the third quarter, but there will not be a sudden double-digit sharp decline

He believes that LANXESS's consumer protection department is doing "quite well", but there are logistical restrictions on

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