25/05/2022 Press release

Höganäs to close Höganäs Environment Solutions, LLC. to focus on its core business

Höganäs is today announcing that it will exit its water treatment business and close Höganäs Environment Solutions, LLC. This is based on a strategic decision to consolidate and re-prioritise the Group’s efforts in its core business and on-going sustainable business transformation journey. Höganäs will focus on the continuing development of its core strengths, and competitive and sustainability advantages within powder metallurgy, electrification, surface coating and additive manufacturing.

Höganäs exit its water treatment business and close Höganäs Environment Solutions, LLC.

A contributing factor to the exit decision was last year’s imposed force majeure situation at Höganäs’ Niagara Falls plant, which ended up forcing Höganäs to shut down the site. The plant manufactured the water treatment media.

This decision will impact around 30 of Höganäs’ employees and the closing of Höganäs Environment Solutions, LLC operations in Cary, US as well as Environmental Solutions’ activities in Brazil, China and India.

“This has been a hard decision to make, and we have worked thoroughly to explore options and investigate alternative routes forward. However, given the current market traction, we need to re-focus our efforts on our core business and continued sustainable business transformation journey. Our priority will be on helping the affected employees and we are committed to supporting them moving forward,” says Fredrik Emilson, CEO of Höganäs.

Höganäs will start to wind down its business immediately and expects to cease operations at the Cary site by the end of June 2022. Höganäs’ ambition is to support its existing customers and will, in dialogue, establish new ways to provide media, electrodes and services, to help its customers’ transition for a limited period of time. 

For further information, please contact:
Emma Lefdal, Vice President Marketing & Corporate Communications
Mobile +46 73 51 50 80, email: emma.lefdal@hoganas.com