Ib Jensen Takes Over From Jan Secher as New CEO of Perstorp Group

Effective March 1st, Ib Jensen takes over from Jan Secher as Chief Executive Officer of Perstorp Group, a leading 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.

“I have had the pleasure to lead Perstorp through an exciting transformation, which has formed the company to what we are today; a sustainability frontrunner with a growing share of specialty chemicals in the portfolio. This has been the crowning of my professional career and I have been surrounded with fantastic and inspiring people. I would like to take the opportunity to thank you all, externally as internally for a tremendous support. The company is entering a new chapter in its more than 140 year history and with PCG as our owner, a series of opportunities are opening well beyond what we have seen in the past. It serves as the perfect timing to hand over the reins to a most capable leader. I am proud of the company and the extraordinary team that Ib now takes over to lead. I wish him and the team all the success in the future”, Jan Secher comments.

“On behalf of PCG, I am delighted to welcome Ib, as the new CEO of Perstorp. He is an experienced executive leader, with a strong and deep understanding of the specialty chemicals industry on top of a solid track record in business optimization and financial management. He plays a key leadership role in the integration of Perstorp into the PCG family, while ensuring that Perstorp’s business is uninterrupted. His insights, knowledge and leadership will be invaluable as we work towards unlocking the synergies between Perstorp and PCG, in bringing the company through its next phase. We look forward to working with him.

I also would like to put on record my appreciation and gratitude to Jan for his contribution for the past nine years. As the CEO, he led the company through challenging times, which required innovative solutions and decisions and has been instrumental to Perstorp’s achievements and growth in the specialty business. More importantly, he helped to steer the company to play a pioneering role in sustainability particularly in the development of pro-environment solutions for its customers. I am confident that Perstorp will continue to benefit from the foundation that he has built,” says Mohd Yusri Mohamed Yusof, PCG Managing Director/Chief Executive Officer.

“It is an honor to take over as CEO from Jan Secher and I look forward to lead Perstorp in this new exciting phase. With PCG as the new owners, their commitment and the support from the strong Executive Leadership Team, I feel confident about a successful time ahead of us”, Ib Jensen comments.

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.

Learn more at www.perstorp.com

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Engel India Bullish on Growth in India Market

Mumbai – The Indian market continues to open up huge potential for the Austrian injection moulding manufacturer Engel. After a year dominated by Covid, it achieved record sales in the last financial year 2021-22.

“We expect an annual growth rate of up to 20 percent, depending of course on market and geopolitical developments. In order to cope with the growth even better, we moved into new, very modern offices in Mumbai at the beginning of this year. We have thus created the basis to grow further in terms of personnel and to welcome even more customers for project meetings and training in our own premises,” said Stalinjose Selvanayagam, General Manager, ENGEL India.

In an email response, the company said, “We are continuously evaluating the opportunities and possibilities and are also talking about further investment in India. Currently, however, there are no concrete plans to report.”

Currently, Engel India’s primary tasks are sales, service support and spare parts support besides offering training to customers. The decisive factor is always the demand, the needs of our customers. The company feels that it is important to be close to its customers in all regions of the world.

“We currently have 24 employees in India, but only ten of them are based in Mumbai. There are additional sales offices in Chennai, Delhi and, more recently, in Pune, and our service technicians are also based in various industrial regions. The service network is constantly being expanded.”

Engel has traditionally had a very strong presence in the Indian automotive industry, especially with OEMs and Tier 1 suppliers. Although uncertainty due to Covid and global political tensions is currently postponing investments, it expects further growth in this industry in the medium and long term. In addition, the packaging and medical sectors open up a lot of potential. “Both sectors are recording good growth rates. Here the demand for all-electric injection moulding machines from European development is increasing. In addition, t-win machines from Engel’s second brand Wintec are increasingly in demand.”

Engel India is a wholly-owned subsidiary of Engel Austria GmbH and are responsible for the entire Indian market and beyond that the SAARC region with the exception of Pakistan.

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Haitian Solutions for Every Application in Injection Moulding Segment

Haitian Huayuan India Pvt Ltd, celebrated, opening of new manufacturing unit at Kadi, Gujarat, under make in India project. The Unit is spread across 52,000 sq. meters of built-up area with State-of the-art-machine assembling unit to offer injection moulding machines.

We can offer you solutions for machine tonnages from 40 ton up to 8000 tons. Based on your application and product we can select right machine. We offer toggle machines from 86 ton – 3300 ton, two platen machine 450 ton – 6600 ton, All electric machines 40 ton – 8000 ton, two colour two component machines up to 1850 ton, hybrid machines with electric drive 360 ton – 3300 ton.

We have solutions for every application in Injection moulding segment.

Our In House Machine shop at Kadi, in an area of 20,000 sq. meters, adjacent to our mother plant. It’s a world class facility having Hexagon CMM machines, 19 numbers of VMC’s and HMC’s. Our Nigata HMC has 6 pallet changing with single set up. All our platens and Injection housing are in house machined for machines manufactured and suppled from our kadi unit.

Haitian believes in CRS activates and keenly participate towards development of few village schools.

Best wishes to all customers in the exhibition and please do visit our website and contact us. We shall be pleased to invite you to our plant at Kadi, Gujarat. Be our guest.

www.haitianindia.com

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