Press Release

With immediate effect Thomas Marquardt will take over the management of WIPAG Deutschland GmbH.

# Company

30.01.2018   14:01

Following acquisition of WIPAG Deutschland GmbH by ALBIS PLASTIC, Thomas Marquardt becomes Managing Director

Hamburg, January 30th, 2018. With immediate effect Thomas Marquardt will take over the management of WIPAG Deutschland GmbH, specialists in the processing and production of carbon fiber based compounds that can be injection-molded, with sites in Neuburg (Donau, Germany) and Gardelegen (Germany). Previously, Marquardt was responsible for the global Automotive Segment of ALBIS PLASTIC GmbH and with this change he will be focusing closely on lightweight construction in the automotive industry.

Bernd Sparenberg, Vice President Technical Compounds at ALBIS PLASTIC, who oversaw the acquisition, says: "We are very pleased that the takeover has gone smoothly and that Thomas Marquardt agreed to accept this position of responsibility. Mr. Marquardt is very familiar with this industry, having worked in the automotive sector for a good number of years, and has excellent industry contacts."

The acquisition of WIPAG Deutschland by ALBIS PLASTIC took place at the beginning of 2018. With WIPAGs cutting-edge and pioneering technology, Hamburg-based ALBIS PLASTIC has further invested in recycling activities and has expanded its product portfolio.

Thomas Marquardt: "There is huge potential in lots of markets for using carbon fiber based compounds in lightweight construction concepts. I am really looking forward to this new challenge and the opportunity to move forward with the numerous opportunities available to WIPAG."

WIPAG takes waste carbon fiber, which comes mostly from the automotive industry, and processes it into reinforced carbon fiber compound pellets. In the future, ALBIS will offer polypropylene and polyamide based CFRP materials. PP CF compounds have both higher rigidity and lower density. This gives them a significant weight and cost advantage compared with highly-filled, glass fiber reinforced PA materials. For example, from 2021, newly registered cars in the EU will only be permitted to emit an average maximum of 95g of CO2 per kilometer. Automobile manufacturers and suppliers are strongly advised to comply with the CO2 limit regulation, if they want to avoid the fines that come with any breach of this regulation.

Furthermore, WIPAG also receives high-quality recyclable PP-based post-industrial and post-consumer materials, from various sources, to process. This closed loop technology is typically used for recycling bumpers and instrument panels, a system used by various automotive manufacturers."Current European initiatives are already demonstrating the need to push ahead with recycling and recycling management. And with WIPAG we see ourselves in an optimum position for this, both technologically and economically," says Thomas Marquardt.

Author

Lennart Meyer

Specialist Communication & PR

+49 40 78105-523 +49 40 78105-523

moc.sibla@reyem.trannel

ALBIS profile in brief

ALBIS PLASTIC is one of the leading globally operating companies in the distribution and compounding of technical thermoplastics and thermoplastic elastomers. In addition to the product portfolio of well-known plastic manufacturers, ALBIS offers the plastic processing industry a diverse product range of high performance plastics, compound solutions and masterbatches. In 2018, the ALBIS Group, which has more than 1400 employees, achieved sales of 1.1 billion EUR. With 26 locations worldwide, the Hamburg based company is strongly represented in Europe with a growing presence in North Africa, the Asia Pacific and the Americas. At five German locations as well as in Duncan, South Carolina (USA) and Changshu (China), ALBIS produces compounds and masterbatches, in part specializing in high-quality recycled compounds and green materials. All sites are certified according to the IATF 16949 or ISO 9001 Standard. In 2019, ALBIS was certified according to European Corporate Social Responsibility standards by rating specialist EcoVadis.

For more information visit http://www.albis.com and http://www.albisamericas.com.