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Evonik invests in Danish hydrogen peroxide start-up
22-Dec-2017 - Evonik has invested in the startup HPNow ApS through its venture capital unit and now holds a minority stake in the company, which is headquartered in Copenhagen (Denmark). HPNow has developed a technology for producing hydrogen peroxide (H2O2) in a fully automatic system using water, air, and an ...
16-Nov-2017 - Evonik Industries has opened another membrane production facility at its Austrian plant in Schörfling. The new hollow fiber spinning plant predominantly produces membrane modules for efficient nitrogen generation and for process gases. Nitrogen accounts for roughly 40 percent of the estimated ...
11-Oct-2017 - At the end of September, Evonik celebrated the opening of the new site for its Evonik Advanced Botanicals subsidiary in Tours (France). Now part of the Personal Care Business Line, the new subsidiary was created in 2016 when Evonik acquired experts in biotechnological production of plant-based ...
07-Sep-2017 - Evonik has started up a new plant in Shanghai, China, for production of a wide range of organically modified specialty silicones. The products, which are manufactured in batch processes, are used in, for example, polyurethane, paints, and coatings applications as well as in a variety of ...
Initial synergies from integration of the Air Products specialty additives business
04-Aug-2017 - Evonik grew sales to €7.3 billion in the first six months of 2017. The rise of 15 percent compared with the first half of 2016 was partly due to the first-time consolidation of the specialty additives business of the US company Air Products. Evonik acquired this business in January. Other reasons ...
Investment sum in the upper double-digit million euro range
28-Jul-2017 - Evonik is investing an amount in the upper double-digit million euro range in the expansion of its fumed silica capacities in Antwerp, Belgium. The production complex is scheduled to become operational in the summer of 2019. Typical applications of these specialty silica, which Evonik markets ...
Collaboration with IBM and University of Duisburg-Essen
06-Jul-2017 - Evonik is setting aside € 100 million for the topic of digitalization and is also entering into a strategic partnership with IBM and the University of Duisburg-Essen, aimed at forging ahead with the digital change in the chemical industry. “For us as a specialty chemicals company, digitalization ...
Chief Executive Officer Klaus Engel hands over to Christian Kullmann
24-May-2017 - 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. „You ...
Acquisitions strengthen growth segments
03-Mar-2017 - 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 prices. ...
Christian Kullmann to succeed Klaus Engel in May
01-Mar-2017 - 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 ...
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