For the specialty chemicals company, Europe is its largest economic market. LANXESS CEO Matthias Zachert explains why: “All of us at LANXESS are aware of the great significance of the European Union: as the world’s largest domestic market, it’s a heavyweight in international trade. LANXESS generates a third of its sales in Europe. As a political union of members, the E.U. is a guarantor of peace and prosperity.
Goods and services are freely traded, and national borders and language barriers easily overcome every day. As a company and a member of society, we advocate a strong, free and open Europe. That’s good for our company, but above all it’s good for our country.”
LANXESS not only sells its products in Europe, it also manufactures them here. The Cologne-based corporation maintains several production sites on the continent and creates jobs all over Europe.
Among other countries, LANXESS is active in Belgium, Germany, France, Italy, the Netherlands and the United Kingdom. Thanks to its many production locations, the specialty chemicals company is close to its customers and can quickly supply them with goods. Duty-free trade enables customers to purchase products at a lower cost. No time is wasted filling out complicated customs documents. The euro, which many countries introduced together, greatly simplified financial transactions. Furthermore, businesses benefit from the lower resulting currency risk.
A united Europe has many advantages, and these are worth standing up for.