LANXESS recently announced it is pressing ahead with its realignment efforts. Effective January 1, 2015, LANXESS will merge certain business units, reducing their number from 14 to 10. In addition, the company is streamlining its global administration by reducing the workforce on a cross-functional basis and consolidating specific areas of activity. The respective employee representatives will be involved in the process.
LANXESS announced it will recombine the High Performance Elastomers (HPE) and Keltan Elastomers (KEL) business units under the name High Performance Elastomers (HPE). Jan Paul de Vries will head the new business unit.