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Henkel’s Adhesive Technologies business unit reported solid organic sales growth of 2.7% in Q3. Nominally, sales increased by 0.3% to €2100M. At €373M, adjusted operating profit matched the high level of the prior-year quarter. At 17.8%, adjusted return on sales also reached the high level of the prior-year quarter.
Michael Olosky, Head of Henkel Adhesive Technologies Asia-Pacific, commented: "The Asia Pacific region has always been one of the key drivers of Henkel’s overall business, with China being the second largest market for Henkel Adhesive Technologies. Henkel Adhesive Technologies has been boosting innovation and manufacturing capabilities in the Asia Pacific region. Enjoying manufacturing proximity to local customers, we are able to quickly answer the development needs of local industries.”
Henkel Adhesive Technologies market performance in Asia Pacific and China
In the home appliance industry, Henkel Adhesive Technologies innovates to meet increasing demand for sustainability and efficiency. The company is actively participating in industrial upgrades by providing effective and cost-efficient adhesives and sealants, as well as tailor-made total solutions.
In terms of automotive industry advancement, Henkel Adhesive Technologies developed electric ceramic coatings to provide protection for engines under extreme conditions by reducing friction, thus extending vehicle life. To apply ceramic coatings on the top of pistons and cylinder head covers of an engine can substantially lower NOx, HC and CO2 emissions. Closely working with customers, Henkel delivers innovations to tackle challenges such as lightweight construction, smoother ride experience and improved NVH (noise, vibration, harshness) demands that lead to reduced fuel consumption and CO2 emissions.
For food packaging in China, Henkel Adhesive Technologies has worked closely with partners on a new EASY-PAC system. Its tailor-made adhesive technology solutions can be applied to various materials with higher efficiency and lower cost.
Henkel Adhesive Technologies can improve the contrast of the displays by four times because air gaps in displays are filled, also demonstrating the company’s contribution to the consumer electronics industry. Furthermore, energy consumption is reduced and the technology saves battery life. Henkel is going to partner with key industry players to develop flexible displays, including curved smart phones in the Asia Pacific region including China and Korea. Demand for mobile phones, handheld devices, displays, lighting, and wearable technologies are steadily increasing in local markets, becoming the driving forces for adhesive technologies.
Henkel also acquired the Bergquist Company, a leading supplier of thermal management solutions for the global electronics industry. With six global sites, particularly one in China, Henkel Adhesive Technologies has reinforced its strong presence in the electronics sector in the Asia Pacific region.
Headquartered in Shanghai, China, Henkel Adhesive Technologies Asia-Pacific operates in many markets across the region including Greater China, Korea, Japan, South East Asia, and Oceania.The company is a leading solution provider for adhesives, sealants and functional coatings.