Lanxess CEO: company set to benefit from potential tariffs on US imports
Nov 7 (Reuters) -Lanxess' LXSG.DE CEO said on Thursday that potential protectionist policies under U.S. president-elect Donald Trump would benefit its business as the company has a strong position in the country.
The German specialty chemical maker has substantially strengthened production and expanded sales in the U.S. in recent years, CEO Matthias Zachert said in a call with journalists after Lanxess' third-quarter result publication.
"If the American market were to be sealed off, we would of course benefit from this setup," he said.
He added that the company is now better prepared to withstand potential trade tariffs.
Reporting by Linda Pasquini and Jagoda Darlak in Gdansk. Editing by Jane Merriman
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