From the Sector

DyStar, a leading specialty chemical company with a heritage of more than a century in product development and innovation, announced the cessation of manufacturing operations at DyStar Hilton Davis with partial integration of production within DyStar LP in Reidsville, North Carolina.

The latest integration will impact the production facility of DyStar Hilton Davis, which primarily manufactures Food, Drug, and Cosmetic Dyes (FD&C), Drug and Cosmetic Dyes (D&C), Lakes, Technical Dyes, and Pigment Dispersions. As part of our ongoing efforts to consolidate and optimize our manufacturing footprint (MFO) in Americas, the facility will cease production operations on 30 June 2025.

Following the final instalment of the Group’s consolidation plan, DyStar’s Americas will focus our main production activities at the sites in Reidsville, North Carolina, and Cheyenne, Wyoming.

Mr. Xu Yalin, Managing Director and President, DyStar Group said, “We believe that the success of the strategic plan will position DyStar to decisively respond to the fundamental changes taking place in the industry and enables us to improve profitability while maintaining strategic product development capability, and to accelerate growth over the long-term.”

Mr. Clement Yang, Vice President, Global Manufacturing, DyStar Group said, “The overall plan builds upon our global capabilities and resources, and it reinforces DyStar’s strong commitment to strategic investments, product and service excellence, as well as productivity improvements that will drive our Company, customers and industry forward.”
DyStar remains committed to working closely with all stakeholders, including affected employees, customers, suppliers, and partners to minimize the impact on business operations and to ensure a smooth global transition. We will treat all affected parties with due respect and dignity, adhering to company policies, collective bargaining agreements and regulatory requirements.

The company will support affected employees with necessary resources during this transition, including resources and opportunities for employees to apply for open positions at other DyStar locations in Americas.

DyStar, a specialty chemical company, announces its latest innovation, Eco-Advanced Indigo Dyeing.

The launch of DyStar’s Eco-Advanced Indigo Dyeing aims to reduce water usage by up to 90% and energy consumption by up to 30% during the production process. The new DyStar’s Eco-Advanced Indigo Dyeing is applicable in the Indigo traditional dyeing process, for Sulphur dyes, and colored Denim. The technique of sustainable indigo dyeing has already been proven to reduce substantially the effluent load in Denim production.

DyStar’s eco-friendly indigo dyeing process is recognized for helping customers deliver better consistency in quality while achieving less wastewater treatment in the effluent.

Effective March 1st, Ib Jensen takes over from Jan Secher as Chief Executive Officer of Perstorp Group, a specialty chemicals company headquartered in Malmö, Sweden and since 2022 part of PETRONAS Chemicals Group Berhad (PCG).

Ib Jensen is a highly respected senior industry executive with a long career as CFO and extensive experience from M&A and integration of acquired companies, something that will be required in the next phase for Perstorp.

After more than 9 successful years as the CEO of Perstorp Group, Jan Secher has decided to step down. This decision is based on a personal direction set more than a year ago, prior to the acquisition by PCG, allowing for a full search process to be conducted for his replacement. Ib Jensen has been CFO of Perstorp for the past year and was considered the most qualified candidate based on his knowledge of the company, long term experience of the specialty chemicals industry and high level of appreciation in both Perstorp as well as in PCG. Previous experience include CFO and executive roles within Finance and IT at companies such as Arxada, Lonza, Syngenta, Danisco and LEGO.

Jan Secher remains in the CEO role until March 1st and will thereafter serve as an advisor to the new CEO and the Chairman, focusing on strategy and transferring external relationships. Monica Jönsson, currently deputy CFO, will take on the role as CFO when Ib Jensen assumes the position as CEO. PCG is fully committed to the Executive Leadership Team of Perstorp and expects the team to continue the successful integration work as well as dealing with the volatile global macro situation.

• Stephan Sielaff replaces interim CEO Cord Prinzhorn

• CFO Thomas Obendrauf will not extend his contract

• Chairman of the Supervisory Board Peter Edelmann will no longer be available as Chairman at the end of the Annual Shareholders’ Meeting

• Cord Prinzhorn returns to Supervisory Board and will take over as Chairman

The Supervisory Board of Lenzing AG has appointed Stephan Sielaff, the former CTO/COO of Lenzing AG, as the new CEO effective April 01, 2022. He succeeds Cord Prinzhorn, who took over as interim CEO in the fourth quarter of 2021. Cord Prinzhorn will return to the Supervisory Board of Lenzing AG. The Managing Board will thus be reduced again from five to four members.

Stephan Sielaff holds a degree in chemical engineering and held various management positions at Unilever and Symrise from 1993 to 2014. Between 2014 and 2020, he was responsible for the strategic development of the company as a Member of the Board of Directors (COO) at the Swiss specialty chemicals company Archroma – an important supplier of the textile and paper industry. He was appointed Chief Technology Officer and COO of Lenzing AG as of March 01, 2020.

CFO Thomas Obendrauf has informed the Supervisory Board that he will not be available for a further extension of his contract, which expires in June 2022. The Supervisory Board of Lenzing AG is already working on a timely replacement. Mr. Obendrauf will be available to the company in an advisory capacity until a successor is appointed.

Peter Edelmann will leave the Supervisory Board upon his own request, effective April 26, 2022. Cord Prinzhorn will return to the Supervisory Board and will take over as Chairman.

Lenzing expands its Management Board, naming a new CTO and an additional Management Board member for “Pulp and Wood Raw Materials”

The Supervisory Board of Lenzing AG, the world’s leading producer of botanic cellulose fibers, has appointed two new members to the company’s Management Board. Stephan Sielaff will serve as the new Chief Technology Officer effective March 1, 2020, succeeding Heiko Arnold, who left the Lenzing Group in November 2019. At the same time, Lenzing’s highest management body led by Chairman Stefan Doboczky will be expanded to include a newly created Management Board position for “Pulp and Wood Raw Materials” and will thus consist of five members instead of four. Christian Skilich will assume the position of Member of the Management Board for Pulp and Wood Raw Materials as at June 1, 2020.

“In the coming years our focus will be on achieving the strategic target of strongly increasing our own supply of pulp in line with our corporate strategy sCore TEN. By creating this new division, the composition of the Management Board now also reflects this focus”, says Peter Edelmann, Chairman of the Supervisory Board of Lenzing AG.

Stephan Sielaff is a chemical engineer who gained experience in the chemical industry in the years 1993 to 2014, holding various management positions for Unilever and Symrise. Since 2014, he has worked for the Swiss specialty chemicals company Archroma, an important supplier of the textile and paper industry, as a Member of the Board of Directors and Chief Operating Officer (COO).He has been responsible for forming the integrated operational structure and the strategic development of the company.

Christian Skilich, who will assume management responsibility for the new Pulp and Wood Raw Materials Division in the Lenzing Group, boasts outstanding expertise in the field of paper and pulp technology. With a Master of Science in Paper Technology and Engineering & Economics, he first held various positions in the paper, packaging and glass industries. Since 2004, he has worked in a broad range of management areas on behalf of the internationally operating Mondi Group. Christian Skilich most recently served as Chief Operating Officer on Mondi’s Board of Directors, overseeing projects in the USA and Europe.