Evonik expands US production of precipitated silica
Thirty percent global capacity expansions planned for silica by 2014
Evonik Industries plans to increase its annual production capacities for precipitated silica at its US site in Chester, PA by around 20,000 metric tons. The new facility, which received an investment in the lower double-digit Euros range, is scheduled to become operational in 2014. The capacity expansion in Chester underscores the plans of the Evonik Group to expand its global silica capacities by about thirty percent over the level of 2010 by 2014.
“The market growth for precipitated silicas is primarily based on the trend to use fuel-efficient low-resistance tires,” explains Dr. Thomas Haeberle, member of the Evonik Executive Board and responsible for the company’s Resource Efficiency Segment. The use of silicas in combination with silanes allows for manufacturing tires with significantly reduced rolling resistance, which can save up to eight percent of fuel (compared to conventional car tires). Evonik is the only manufacturer to offer both components, making it a competent partner for high-performance tire formulations for its customers in the tire and rubber industry.
Evonik Industries AG fully achieved its earnings forecast in 2016. With adjusted EBITDA of €2.165 billion, earnings were at the upper end of the range of €2.0 billion to €2.2 billion. While volumes grew by a 3 solid percent, sales declined 6 percent to €12.7 billion as a result of lower pri ... more
Klaus Engel (60), Chairman of Evonik's Executive Board, is to hand over to his designated successor Christian Kullmann (47). Engel will be leaving the company at the end of the Annual Shareholders’ Meeting on May 23, 2017.
Mr. Kullmann will then take over as chairman. The Supervisory Board ... more
Evonik is setting itself up for the digital future with its own new subsidiary, Evonik Digital GmbH, which includes a team of about 20 experts. Under the Evonik umbrella, the company is developing new digital business models and building up digital expertise. Christian Kullmann, Deputy Chai ... more