Sapa to grow in Asia
It is already the world’s largest producer of extruded aluminium products. And to put an even stronger focus on growth initiatives, Sapa is considerably strengthening the organisation in Asia & Middle East.
After the recent major transactions in Europe and North America Sapa has become the world’s largest producer of extruded aluminium products. Still, the number one position is based on strong positions in Europe and North America, while the Asian presence is weaker. Long term our ambition is to balance the portfolio among the three regions Europe, North America, and Asia.
To put an even stronger focus on Sapa's growth initiatives in Asia Sapa is now considerably strengthening the Asia & Middle East organisation by setting up a team focusing on mergers and acquisitions and adding resources to the management of our Chinese operations.
“In accordance with our ambition to increase our presence in Asia and the Middle East, it is imperative that we build a team capable of developing and sustaining our business interests. Our shareholders are committed to a substantial expansion in these key geographical areas, and I am pleased that Svein Tore Holsether, Marius Grønningsæter and Torbjörn Sternsjö have accepted the challenge of representing Sapa in this process” says Bjørn Wiggen, President & CEO Sapa.
Svein Tore Holsether, Sapa’s CFO, is appointed Business Area President, Sapa Asia & Middle East. In this capacity, Svein Tore Holsether will have operational responsibility for Sapa Profiles, and will act as Sapa’s representative for all activities in the area. He will continue to report to Bjørn Wiggen and be a part of the Sapa Executive Team.
Marius Grønningsæter, Sapa’s SVP Corporate Business is appointed Senior Vice President Legal, Mergers and Acquisitions Sapa Asia & Middle East. Marius Grønningsæter will have direct responsibility for all M&A activity and act as the senior legal advisor in the region. Marius Grønningsæter has many years experience in this field, and will form part of the new Asia & ME management team reporting to Svein Tore Holsether and be his deputy.
Both Svein Tore Holsether and Marius Grønningsæter came to Sapa in 2007 and have been central in the structural changes and growth in Sapa over the last three years. Previously they have held similar positions in Orkla Specialty Materials and Elkem.
Torbjörn Sternsjö, Business Area Director of Sapa Profiles Asia is appointed Managing Director, Sapa Profiles, China. Torbjörn Sternsjö will be responsible for all Sapa Profiles activities in China which will include the development and growth strategies in the region, and he will also contribute to the broader ambition in Asia and Middle East. David Littler, MD Sapa Profiles Shanghai, will continue to report to Torbjörn Sternsjö. Torbjörn Sternsjö will be a member of the new Asia & ME management team and report to Svein Tore Holsether. Torbjörn Sternsjö has been with Sapa since 1994 and has been located in China and Asia since 1999.