The High Performance Materials (HPM) business unit of Lanxess will be transferred to an independent legal corporate structure. Lanxess AG, Cologne/Germany, aims to achieve the best possible growth opportunities through this new structure for its high-performance plastics business.
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. Around 1,900 employees work for the business unit at 14 sites worldwide. Sales are in the low single-digit billion-euro range.
HPM is one of the leading suppliers 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.