Evonik Industries has begun construction of a new plant to produce Mepron® in Mobile (Alabama, USA). Mepron® is a special Evonik formulation of the amino acid methionine that is used in dairy cow nutrition. A special coating protects the amino acid from undesired degradation in the rumen. The new plant is scheduled for completion in the second half of 2015. The investment is in the low double-digit-million-euro range.
Evonik Executive Board member and Chief Operating Officer Patrik Wohlhauser explains, "The investment strengthens our position as the world's leading supplier of amino acids. We continue our strategy of offering amino acids also for special applications in addition to MetAMINO®, which is used mainly in poultry and pig feed. This opens up new growth opportunities for our amino acid business."
"The new plant for Mepron® will give us a direct presence in the important US dairy cow market," says Dr. Reiner Beste, Head of Evonik's Health & Nutrition Business Unit. The USA, which has the world's largest number of high yielding dairy cows, is the most important sales region for Mepron®. A similar potential exists in the European Union. The United States are responsible for about 12.5 percent of the global milk production.
Klaus Engel, long-standing chief executive officer of Evonik, handed over to Christian Kullmann at the end of the annual shareholders’ meeting. In Essen’s Grugahalle Engel bid farewell to the shareholders. Werner Müller, chairman of the supervisory board, thanked Engel for his great service ... more
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