Industry News

LANXESS to Convert Its High Performance Materials Business Legally Independent

Published on 2021-11-15. Edited By : SpecialChem

TAGS:  Automotive    Electrical & Electronics     Thermoplastic Composites     New Energy Solutions   

lanxess-HPM-independent LANXESS will transfer its High Performance Materials (HPM) business unit to an independent legal corporate structure. HPM is a supplier of high-performance plastics. The materials are used primarily in the automotive, electrical and electronics industries.

Electromobility in particular is a promising field of application for the LANXESS plastics, which are used predominantly for car bodies, battery housings and charging infrastructure.

Portfolio of HPM Unit

The portfolio of the HPM business unit includes the engineering plastics polyamide and polybutylene terephthalate, as well as thermoplastic fiber composites. The business unit is characterized by the high backward integration of its production processes.

The global market for new forms of mobility is developing very dynamically and is strategically rearranging itself – creating many innovative alliances and partnerships. To get the most out of the growth opportunities in this market and to be able to act flexibly, we will create a separate legal structure for the business unit,” said Hubert Fink, member of the Board of Management of LANXESS AG. LANXESS will begin implementation in the first half of 2022.

The business unit employs around 1,900 people at 14 sites worldwide. Sales are in the low single-digit billion-euro range.

LANXESS' Engineering Plastics Range


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