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362 Current news of Evonikrss
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Kullmann will head the specialty chemicals company for another five years
Christian Kullmann, who has been chairman of Evonik's executive board since May 2017, will head this Essen-based specialty chemicals company for another five years. At its meeting today, the supervisory board extended Kullmann's contract until May 2027. “Christian Kullmann has shown excellent ...
Free cash flow almost triples to €312 million
Evonik is more positive about its earnings for the year as a whole after posting a strong first quarter. Higher demand worldwide and improved selling prices in the quarter led to an increase in sales and earnings. The three growth divisions – Specialty Additives, Nutrition & Care and Smart ...
Printed solid-state batteries impress with their long cycle life
Evonik presents at the virtual exhibition LOPEC a new material technology for printable batteries. Together with the company InnovationLab, the specialty chemicals group proves the integration of TAeTTOOz® technology in printed electronics to open up new applications. TAeTTOOz® was develop based ...
Evonik has achieved the financial targets it set itself in May 2020. Production and logistics have been secured worldwide and all measures to protect the workforce have been consistently implemented. For 2021 the company is back on course for growth. "We passed the pandemic endurance test," said ...
Key Financial Data: Third Quarter 2020
Despite the persistently challenging macroeconomic environment, Evonik continues to manage well in the crisis. In the third quarter, the company achieved adjusted EBITDA of €519 million, down just 4 percent from the same quarter of the previous year. Sales amounted to €2.92 billion, compared with ...
Evonik and Siemens Energy put pilot plant into operations
Evonik and Siemens Energy commissioned a pilot plant sponsored by the German Federal Ministry of Education and Research (BMBF) that uses carbon dioxide and water to produce chemicals. The necessary energy is supplied by electricity from renewable sources. The pilot plant is located in Marl, in ...
Acquisition gives Evonik access to catalyst rejuvenation technology and to available production capacity
Evonik is acquiring the Porocel Group for US$210 million to accelerate the growth of its catalysts business. Based in Houston, Texas, Porocel offers a technology for highly efficient rejuvenation of desulfurization catalysts, which are in increasing demand to produce low-sulfur fuel. Rejuvenation ...
Sales decline 14 percent on weaker demand, adjusted EBITDA falls 19 percent
Against the backdrop of the worldwide recession triggered by the Corona pandemic, Evonik is getting through the crisis well. Nevertheless, sales and earnings in the second quarter decreased compared to the previous year due to significantly weaker demand in some markets. Company sales fell by 14 ...
With this cooperation, chembid and Evonik want to simplify the processes from the production to the sale of coating products for their customers
chembid and the Coating Additives Business Line of Evonik announce their cooperation. The platforms have set themselves the goal of making processes and decisions for chemical companies more efficient and driving forward the digitization in the chemical industry. The basis for this are ...
Polymer chemistry is the key to efficient electrolysis
Green hydrogen is a beacon of hope in the energy transition, both as a carbon-free fuel for industry and transportation, and as a key raw material for the chemical industry. Green hydrogen is produced from water by electrolysis using electricity generated from renewable resources. It is still ...