ALTANA division ELANTAS Bolsters India Business
ELANTAS, a division of the specialty chemicals group ALTANA, is acquiring the wire enamels activities of Hubergroup India and thus growing its business in India. The products taken over will be manufactured at the Ankleshwar production site of ELANTAS Beck India Ltd. In 2018, the wire enamels business of Hubergroup India achieved sales in a one-digit million euro range.
“Hubergroup India’s wire enamels optimally supplement our technologically advanced product portfolio,” explains Dr. Guido Forstbach, President of ELANTAS. “With them, we will be able to offer existing and new customers even more individualized solutions and strengthen our technology leadership in the wire enamels sector.”
ELANTAS products are insulating materials for the electrical and electronics industry. They are found in electric motors, cars, TV sets, wind turbines, and computers. Innovations in the wire enamels segment enable product developers to build ever smaller and more efficient electric units such as motors and generators and thus save material and energy. ELANTAS products are also more and more used to protect electronic components in e-cars and charging stations and, thus, are a decisive success factor for the expansion of electro-mobility.