Overview
Lanxess (OTCPK:LNXSF) (ADR ticker OTC:LNXSY) is a German specialty chemicals manufacturer with a EUR 6B EV, based in Cologne. Last year, as the German automotive sector tanked due to its dependence on the weak Chinese consumer market, the WLTP issues, the trade war and tariff threats, it dragged down the German chemicals sector as well that traditionally is highly intertwined with the large automotive industry. In addition, an unusually dry summer caused an extremely low level of the river Rhine, along which most German chemical industries are located, profiting from