FRANKFURT, Germany, June 26 /CNW/ - Barat Carbide GmbH has changed its
name to Element Six Hard Materials. Having joined Element Six in late 2007, it
now represents a major business area for the company as a whole. The name
change reflects Element Six's ambitions to build on its leadership in the
materials technology sector, particularly in the field of supermaterials such
as tungsten carbide, synthetic diamond and cubic boron nitride.
Karl-Georg Hildebrand, as executive director, is leading this business
area as it makes its transition to a full part of the Element Six group. "As
Hard Materials we have a strong position in the mining and construction
markets with products based mainly on tungsten carbide," notes Karl-Georg
Hildebrand. "Being a part of Element Six means that we can benefit from the
synergies of the company as a whole. For our customers this means that we can
combine our strengths and technology with expertise from other business areas.
This makes us a powerful force in the materials technology sector."
This is a very exciting period in the materials business as rapid
developments in technology are creating new market opportunities. To benefit
from these developments, Element Six has created a new company structure and
organisation that will help the company build on its current success and to
seek out new markets and opportunities.
The new organisation recognises the fact that Element Six has particular
leadership in different markets and needs to have a group structure that can
support these markets more effectively. It also reflects the fact that Element
Six lives in a highly competitive and rapidly changing world where success
relies on being adaptable and responsive to its customers. Element Six Hard
Materials is one of four business areas that comprise Element Six; the others
are E6 Advanced Materials, E6 Oil & Gas, E6 Technologies. In addition, Element
Six is operating a separate venture fund activity, E6 Ventures.
Karl-Georg Hildebrand explains, "As Element Six Hard Materials, we can
take advantage of the convergence between superabrasives and tungsten carbide-
materials that have been perceived as having distinct markets and application
areas. The combined knowledge base of Element Six in these areas will lead
product innovation to deliver new levels of performance to our customers."
For further information:
For further information: Karl-Georg Hildebrand, Executive Director, E6
Hard Materials, Tel: +49-66-52-8-23-20, Fax: +49-66-52-8-24-43-20