Freudenberg announced that Dr. Andreas Raps was chosen as the next chief executive officer of EagleBurgmann Germany, joint venture of the EKK and Freudenberg Group. Dr. Raps, who served Freudenberg Sealing Technologies until February 29th 2016 succeeded Dr. Stefan Sacré, the company's former CEO, on March 1st 2016.
The TOTAL refinery at the Leuna chemicals site is one of the most state-of-the art facilities of its type in Europe. It processes around 33,000 tons of crude oil every day, most of which is pumped in from Russia.
Purified Terephthalic Acid (PTA) is the predominant raw material for production of high-purity polyester resin widely used in the production of polyester fiber, polyethylene terephthalate (PET) bottle resin, polyester film, and engineering plastics.