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322 Current news of Evonikrss
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Company continues to intensify focus on high-margin specialty chemicals businesses
Evonik is taking the next step in systematically focusing on specialty chemicals with the divestment of its US Jayhawk site in Galena, Kansas. The site produces precursors for agrochemicals, which are not included in the growth businesses defined by Evonik. “We want to continue growing profitably ...
Investment amount in the mid double-digit million Euro range
Evonik Industries and the Chinese company Wynca have agreed to form a joint venture. The new company, in which Evonik will hold 60 percent, will produce fumed silica marketed under the name AEROSIL®. The product is used in transparent silicones, coatings and paints, modern adhesives as well as ...
Evonik increased adjusted EBITDA to €742 million in the second quarter of 2018 (prior-year: €640 million). All three chemical segments contributed with excellent operational business development: All three segments were able to increase their adjusted EBITDA as well as EBITDA margin compared to ...
Evonik has increased adjusted EBITDA to €742 million in the second quarter of 2018 (prior-year: €640 million). All three chemical segments contributed with excellent operational business development: All three segments were able to increase their adjusted EBITDA as well as EBITDA margin compared ...
An additional capacity of 40,000 metric tons available from 2020
Evonik Industries is continuing to expand its silica production capacity in response to high demand within the tire industry. Precipitated silica are an essential ingredient in tires with reduced rolling resistance and, as part of Smart Materials, belong to one of the four strategic growth ...
The Evonik Business Line Catalysts (KA) extended its long-term partnership with a global leader in refinery catalysts. Evonik manufactures their state of the art hydroprocessing catalysts in its plant in Calvert City, Kentucky. Based on that long-term partnership, the partner company invested in ...
Expanded crosslinker portfolio at Mobile site
Evonik is expanding its production capacities for methacrylate crosslinkers of the VISIOMER® brand. To this end, the Methacrylates Business Line has made an investment in the low single-digit million-euro range at the Mobile site (Alabama, USA). The start-up is scheduled for the third quarter of ...
Evonik will stop its amino acid production at its Hungarian Kaba site by the end of April 2018. There Evonik Agroferm Zrt., a subsidiary of Evonik, currently employs about 120 people. The decision was prompted by intense and increasing competition in the market for the amino acid L-threonine, ...
Evonik's largest investment in Germany
Evonik is planning to build a new production complex for the high-performance polymer polyamide 12 (PA 12). The Group intends to increase its overall PA 12 capacity by more than 50 percent. Polyamide 12 is required in attractive growth markets such as the automotive industry, oil and gas ...
This is Evonik’s first venture capital investment in Israel, and strengthens the company’s Specialty Additives Growth Engine
Through its venture capital unit, Evonik has invested in Velox, a digital printing technology developer located in Rosh HaAyin, Israel. This marks the company’s first investment in Israel, which has become a hub for start-ups. Velox possesses new digital printing technology for cost effective ...