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Evonik Plans to Extend Isophorone Chemistry Line-up in Two years

Published on 2010-12-17. Author : SpecialChem

GERMANY -- Evonik Industries intends to construct a new production plant for isophorone and isophorone diamine. A suitable site is being sought, and economic and strategic market factors play an important role in this decision. Production is scheduled to start in 2013.

"Isophorone chemistry is a core business for Evonik. The market for isophorone and its derivatives is growing steadily and proved to be robust even during the economic crisis. That's why we want to sustainably strengthen our market and technological leadership by capacity expansion," explained Klaus Engel, Chairman of the Executive Board, Evonik Industries.

"We strive for meeting our customers' expectations and future needs best possible regarding costs and geographic proximity," said Gerd Brand, Head - Crosslinkers Business Line, Evonik. "So we're particularly looking at attractive investment climates in South-East Asia and China and will take these into consideration when taking the final decision for the location of our new plant." Evonik currently has production sites in Herne and Marl (Germany), Antwerp (Belgium), as well as Mobile (Alabama, USA).

Evonik produces and market the entire isophorone line, consisting of isophorone, isophorone diamine, isophorone diisocyanate, and derivatives. These products are used as an important component in a wide range of applications, for example, in the production of industrial floorings, artificial leather, and paints and coatings as well as in the growth area of high-performance composites.

About Evonik Industries

Evonik Industries is an industrial group from Germany whose core business is of specialty chemicals. In addition, Evonik is an expert in power generation from hard coal and renewable energies, and a private residential real estate company in Germany. Evonik is active in over 100 countries around the world. In its fiscal year 2009 about 39,000 employees generated sales of about €13.1 billion and an operating profit (EBITDA) of about €2.0 billion.

Forward looking statements

In so far as forecasts or expectations are expressed in this press release or where company's statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.

Source: Evonik Industries


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