Lanxess is taking further steps to streamline its cost base, announcing several plant closures in response to globally subdued demand. In the second quarter of 2025, Lanxess closed its hexane oxidation facility at Krefeld-Uerdingen, Germany, a move announced in 2023 should no buyer be found. In addition to weak demand, European chemical producers are facing competitive pressure from significant Chinese overcapacity. With the US market becoming less accessible to Chinese suppliers, more products are being directed to Europe, intensifying price competition. In the second quarter of 2025, group sales declined by 12.6 % to EUR 1.47 billion, while EBITDA before exceptional items fell by 17.1 % to EUR 150 million.