Lanxess splits technical rubber products business
ERJ staff report (BC)
Leverkusen, Germany - With effect from 1 January, Lanxess's Technical Rubber Products business unit (TRP) was divided into two separate units.
Keltan Elastomers, whose core product is ethylene-propylene-diene monomer (EPDM) is now trading independently. The rest of the TRP product portfolio (NBR, HNBR, EVM and CR) comes under a new High Performance Elastomers (HPE) business unit.
TRP expanded its EPDM business by acquiring Keltan from DSM in May 2011. Former TRP head Guenther Weymans said â€œThe successful strategic development of EPDM to make us a global market leader and the specific features of all TRP businesses necessitate this split into two business units.â€
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