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Brenntag to split into two divisions

September 23/2020

MOSCOW (MRC) -- ingredients, says that in January 2021 it will split into two global divisions: Brenntag Essentials and Brenntag Specialties. Each division will have a focus on customer- and supplier needs, said Chemweek.

The new operating model forms part of the company’s previously announced transformation program, Project Brenntag. Brenntag says that with the two new divisions it will better leverage on its strengths and sharpen its profile toward relevant industry segments. “We are in a leading position globally and have a resilient business model. However, the requirements of our business partners and industry change,” says Christian Kohlpaintner, CEO of Brenntag. The company is “setting up two global champions with a differentiated steering approach and addressing the diverse market needs and expectations," he says.

Brenntag Essentials will market a portfolio of process chemicals across a range of industries and applications. The division will leverage scale with flexible and cost-efficient delivery at competitive prices and an efficient business process back-end, Brenntag says.

Brenntag Specialties will focus on ingredients and value-added services that are directly used in the production of the customers' end-products. The division will focus on selected industries: nutrition; pharmaceuticals; personal care/home, industrial, and institutional; material science consisting of coatings and construction chemicals, polymers, and rubber; water treatment; and lubricants. These industries are characterized by high regulatory requirements, Brenntag says.

The two divisions’ “differentiated market approach is backed by a globally consistent and advanced customer segmentation and a customized sales organization,” Brenntag says. Brenntag has announced management board changes to reflect the reorganization, effective 1 January 2021. Besides Kohlpaintner and CFO Georg Muller, the company has announced a chief operating officer for each of the new divisions who will both be board members. Steven Terwindt will take over responsibility for Brenntag Essentials as COO and Henri Nejade will lead Brenntag Specialties as COO.

Brenntag says it also plans to appoint a chief transformation officer (CTO), who will join the management board and increase its membership to five. The CTO will, among other responsibilities, lead the company’s overall transformation process, drive functional excellence, and Brenntag’s digital transformation.

As MRC informed earlier, Brenntag says it has acquired the operating assets of Suffolk Solutions’ (Suffolk, Virginia) caustic soda distribution business. Financial terms of the deal have not been disclosed.

As MRC informed earlier, Russia's output of chemical products rose in June 2020 by 2.6% year on year. However, production of basic chemicals increased year on year by 4.9% in the first six months of 2020. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the output in January-June. Production of benzene was 106,000 tonnes in June 2020, compared to 110,000 tonnes a month earlier. Overall output of this product reached 721,000 tonnes over the stated period, up by 3.9% year on year.
Author:Anna Larionova
Tags:petroleum products, PP, PE, neftegaz, petrochemistry, Brenntag.
Category:General News
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