2012-09-20

LANXESS appoints new CEO for its Greater China region

  • Ming Cheng Chien to become new CEO LANXESS Greater China
  • Martin Kraemer to return to Germany to become head of the newly formed Benzyl Products and Inorganic Acids business line of business unit AII
  • All changes effective February 1, 2013

Shanghai/Leverkusen –Mr. Ming Cheng Chien, the current head of the EPDM business line of LANXESS’ technical rubber products business unit, has been appointed as Chief Executive Officer of LANXESS Greater China. The current CEO, Mr. Martin Kraemer, will take over leadership of the newly formed business line Benzyl Products and Inorganic Acids within the business unit Advanced Industrial Intermediates (AII). All changes will take effect on February 1, 2013.

 

Dr. Axel Heitmann, chairman of LANXESS AG, thanked both gentlemen during a press event in the United States: “Martin Kraemer has done an excellent job in driving Greater China as a growth engine for LANXESS. Under his leadership, we have achieved significant growth and implemented various large-scale investments. I am convinced that he will also drive growth in the newly established business line Benzyl Products and Inorganic Acids”.

 

He further commented: “Ming Cheng Chien is ideally suited to bring further value to our Greater China organization. Not only does he have a Chinese and yet international background – he has also the proven ability to manage large scale organizations which he showed in his position as COO of LANXESS Elastomers. Also, the increased importance of EPDM rubber for LANXESS’ operations in Greater China makes him an ideal candidate for this position. I wish both gentlemen success in their new positions.”

 

Martin Kraemer had taken over the position of CEO Greater China in January 2009. Since then, sales have nearly doubled from EUR 500 million (2008) to EUR 992 million (2011). Further, the company has made significant investments during this time – for example in high-performance materials, leather chemicals, inorganic pigments and Nitrile Butadiene Rubber to spur further growth.

 

LANXESS is currently investing EUR 235 million to build an EPDM rubber plant in Changzhou for which LANXESS has targeted future annual sales in the order of EUR 400 million once the plant is running at full capacity. EPDM is used in many automotive applications such as windshield wipers and door seals, and China is now the world’s largest automotive producer and market.

 

LANXESS will, as of January 1, 2013, expand its existing portfolio of 13 business units to 14. In a move that reflects the growing importance of its global ethylene propylene diene (EPDM) synthetic rubber business, the Technical Rubber Products (TRP) business unit will be split in two. Keltan Elastomers (KEL) will become a standalone business unit covering solely EPDM. It will be headed by Guenther Weymans, the current head of TRP, and will have about 600 employees at sites in the Netherlands, China, the United States, Germany and Brazil.

 

Besides EPDM, TRP’s portfolio includes polychloroprene rubber, hydrogenated nitrile rubber, ethylene vinyl acetate rubbers and nitrile rubber. These products will now be part of another standalone business unit called High Performance Elastomers (HPE) headed by Jan Paul de Vries, with about 800 employees at sites in Germany, the United States, France and China. Some 100 employees will move from TRP to Group Function Innovation.

 

LANXESS is a leading specialty chemicals company with sales of EUR 8.8 billion in 2011 and currently around 16,900 employees in 31 countries. The company is at present represented at 49 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. LANXESS is a member of the leading sustainable indices Dow Jones Sustainability Index (DJSI) World and FTSE4Good.

 


Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by LANXESS AG management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to confirm them to future events or developments.

 

Information for editors:

All LANXESS news releases and accompanying photo, video and audio material can be found at http://www.lanxess.cn or http://www.weibo.com/lanxess.

 

Information on chemical products from LANXESS can also be found in our Web Magazine at http://webmagazine.lanxess.cn.

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