Evonik Industries is now significantly expanding precipitated silica capacity at its Maptaphut site in Thailand. Funded by an investment in the lower double-digit million euro range, the expansion is to be complete in the first quarter of 2014.
“The purpose of our expansion strategy is to allow us to support our key customers in Southeast Asia and around the world,” says Dr. Thomas Haeberle, member of the Evonik Executive Board and responsible for the company’s Resource Efficiency Segment. Experts estimate that the worldwide market for low rolling resistance tires will grow by a solid 18 percent each year over the next five years. Evonik has responded by noticeably expanding its global silica capacity. By 2014, its capacity is to grow by roughly 30 percent over 2010.