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Lanxess names new head of its Saltigo subsidiary

February 11/2020

MOSCOW (MRC) -- The Saltigo subsidiary of Germany-based specialty chemical maker Lanxess will have a new CEO by this summer, said the company.

Michael Zobel, currently the head of Lanxess high performance materials (HPM) business unit, will take over the management of Saltigo from Torsten Derr on June 1.

Saltigo is part of Lanxess advanced intermediates segment. The company, which is headquartered in Leverkusen, Germany and has production facilities in Leverkusen and Dormagen, Germany, employs around 1,200 staff internationally.

Derr, who has headed Saltigo since April 2016 and previously held various positions at Bayer and Lanxess since 1998, will be taking up the position of chairman of the board of management of SGL Carbon SE.

Prior to leading Lanxess HPM business, Zobel held various positions at Bayer and at Lanxess.

The name of Zobels successor as head of the HPM business unit will be announced at a later date.

As MRC informed earlier, Vinmar Polymers America will distribute Lanxess Corp.'s high-performance plastics to customers in North America.

Earlier, Covestro closed the sale of its European polycarbonates (PC) sheets business to the Munich-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Belgium and Italy.

According to MRC's ScanPlast report, Russia's estimated consumption of PC granules (excluding imports and exports to\from Belarus) fell in January-November 2019 by 14% year on year to 70,700 tonnes (62,000 tonnes a year earlier).

LANXESS is a leading specialty chemicals company with sales of EUR 7.2 billion in 2018. The company currently has about 15,500 employees in 33 countries and is represented at 60 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics.


mrcplast.com
Author:Anna Larionova
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Category:General News
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