COLOGNE, Germany—As the world of autonomous and electric vehicle technology comes into focus, specialty chemical companies such as Lanxess A.G. are looking to capitalize.
In preparation for the new mobility market, Lanxess has unveiled a plan to place all its e-mobility and battery technology applications under one group initiative. Lanxess produces many of the raw materials and additives used in high-performance, lightweight plastics for EV car bodies and battery systems, and the company will look to gain a share of the AV market by producing materials for charging stations, sensors, displays and control units.
Philipp Junge, currently head of the rubber additive-oriented Rhein Chemie business for Lanxess, will head the new group initiative beginning Aug. 1. He will be replaced in his Rhein Chemie post by Jens-Hendrik Fischer, currently head of Lanxess' Advanced Industrial Intermediates business, which works in antioxidants and accelerators for the rubber industry.
"Modern mobility is one of the most dynamic growth sectors worldwide," said Anno Borkowsky, a member of Lanxess' Board of Management. "Lanxess has a lot to offer here, from our high-tech plastics for electric vehicles to specialty chemicals for batteries. We want to expand this offering significantly, coordinate it more precisely and position it even stronger in the market."