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Evonik made a solid start to 2019

08-May-2019

Evonik made a solid start to the new year. Sales in the first quarter rose 1 percent to €3.29 billion compared to the prior-year quarter. Adjusted EBITDA declined 3 percent to €539 million. “In a weakening global economy we were able to hold our ground in terms of sales and earnings,” said ...

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Evonik expands production capacities for transparent polyamides

10-Apr-2019

Due to increasing global demand for high-performance polymers, Evonik is expanding its production of transparent polyamides of the TROGAMID® CX brand at the Marl Chemical Park (Germany). Production expansion is scheduled for completion in the first quarter of 2020. The project will double the ...

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Batteries from the printer: Evonik presents a new technology at the LOPEC trade show

New materials allow thin and flexible energy storage devices

21-Mar-2019

Evonik is unveiling TAeTTOOz®, a new material technology for printable batteries, at the LOPEC trade show. TAeTTOOz® has been developed on the basis of what are known as redox polymers by Creavis, the strategic innovation unit of Evonik. The new materials can be processed by conventional printing ...

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Evonik more robust as strategy takes effect

Promised and delivered: adjusted EBITDA climbs to €2.6 billion

06-Mar-2019

Evonik grew again strongly in 2018. Adjusted EBITDA increased 10 percent to €2.6 billion, compared with the previous year. All three chemical segments contributed to profit growth. The earnings forecast, that Evonik had raised after the first half of the year, was achieved despite external ...

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Evonik agrees to sell its Methacrylates business

Consistent strategy execution to focus on specialty chemicals

05-Mar-2019

Evonik has signed an agreement to sell its Methacrylates business to Advent International for €3 billion. The selling price (enterprise value) is 8.5 times the business’ EBITDA. The transaction is subject to approval by the authorities in several countries and is expected to close in the third ...

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Evonik invests in start-ups

Evonik More Than Doubles Venture Capital to Accelerate Innovation

14-Feb-2019

Evonik has launched its second venture capital fund with a volume of €150 million, more than doubling the amount under management to €250 million. The new fund will help secure access to disruptive technologies and innovative business models as well as supporting Evonik’s digital transformation ...

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Evonik acquires US-based startup Structured Polymers

18-Jan-2019

Evonik has acquired Structured Polymers Inc., a US-based technology startup for 3D printing materials headquartered in Austin, Texas. A corresponding agreement and plan of merger was executed and the transaction has been closed recently. The acquisition will provide Evonik access to a new ...

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Evonik appoints new managers to its segments’ boards

03-Dec-2018

Johann-Caspar Gammelin, currently Chairman of the Board of Management of Evonik Performance Materials GmbH, will take over as Chairman of the Board of Management of Evonik Nutrition and Care GmbH from Dr. Reiner Beste, effective April 1, 2019. On this date Dr. Beste, as new Regional President, ...

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Evonik concludes sale of its Jayhawk site

Company continues to focus on high-margin specialty chemicals businesses

05-Nov-2018

Evonik has concluded the sale of its Jayhawk site in Galena (Kansas, USA), taking the next step on the road to a consistent focus on specialty chemicals. Funds advised by Permira, an international investment company, acquired the site at a price in the high double-digit million dollar range. The ...

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Evonik starts production of precipitated silica in South Carolina

Investment of about US$120 million creates more than 40 new jobs

18-Oct-2018

Evonik Industries has started up a precipitated silica plant for the tire industry in South Carolina, in southeastern USA. Evonik has invested about US$120 million in this world-scale production plant, in response to the high demand from the tire industry for precipitated silica in North America. ...

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