|HEXPOL is a globally leading polymer group with strong global positions in advanced advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for forklifts and castor wheel applications (Wheels). Customers primarily comprise OEM manufacturers of plate heat exchangers and forklifts, the global automotive and engineering industry´s system suppliers and the medical-equipment sector.
The Group is organised in two business areas: HEXPOL Compounding and HEXPOL Engineered Products. Customers outside Sweden account for about 95 percent of invoiced sales, and nine of the Group’s 26 production units are situated in expansive regions of Asia, Mexico and Eastern Europe.
The total number of employees is around 3,100, mainly employed in Asia, the US and Sweden. Most of the production units are relatively new and well-invested. The technology level is high and far-reaching production and technological coordination generates cost effectiveness, high and consistent quality and opportunities to smoothly relocate production between the various units.
Operations and market
To maintain long-term profitability and sustainable competiveness, HEXPOL has focused its operations on markets that offer opportunities to capture leading positions.
Customers of the HEXPOL Compounding business area are mainly system suppliers to the global automotive industry and are also found in the engineering industry. The customers frequently comprise international companies that subject suppliers to stringent demands in terms of quality and delivery reliability.
OEM manufacturers of plate heat exchangers comprise the largest customer group of the HEXPOL Engineered Products business area. Supported by growing interest in energy efficiency, the market for plate heat exchangers is characterised by strong growth and, in turn, strong demand for the products offered by the HEXPOL Gaskets. At HEXPOL Wheels, the largest customers are in materials-handling equipment. As a result of the increased volume of materials handling worldwide, these customers are reporting strong growth. HEXPOL Wheels is favorably positioned with products including high-quality wheels for forklift trucks and castor wheel applications. HEXPOL Profiles is one of the leading manufacturers of extruded profiles in the Nordic market. A shared feature of the business areas is the importance of cutting-edge expertise related to polymer materials, applications know-how and cost-effective production operations.
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|The Group in brief|